Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$393,878$393,878$526,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$132,622$0
Funding fee$0$0$0
Note rate4.980%4.980%7.400%
Blended rate5.830%6.377%7.640%
1st payment$2,264.36$2,264.36$3,645.38
2nd payment$0.00$884.15$0.00
Taxes / mo$142.83$142.83$142.83
Insurance / mo$166.67$166.67$166.67
MI / mo$299.46$299.46$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,873.32$3,757.47$4,060.18
Cash to close$191,122$58,500$58,500