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$469,705$469,705$539,996
Remaining term (yrs)29.529.530.0
Secondary amount$0$70,290$0
Funding fee$0$0$0
Note rate6.370%6.370%7.400%
Blended rate6.920%7.191%7.640%
1st payment$2,942.60$2,942.60$3,738.82
2nd payment$0.00$527.18$0.00
Taxes / mo$198.00$198.00$198.00
Insurance / mo$166.67$166.67$166.67
MI / mo$216.29$216.29$108.00
HOA / mo$167.00$167.00$167.00
Total monthly$3,690.56$4,217.74$4,378.49
Cash to close$130,290$60,000$60,000