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$408,957$408,957$499,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$90,543$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%5.406%7.640%
1st payment$2,075.91$2,075.91$3,458.44
2nd payment$0.00$679.07$0.00
Taxes / mo$111.75$111.75$111.75
Insurance / mo$166.67$166.67$166.67
MI / mo$317.12$317.12$99.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,671.45$3,350.52$3,836.75
Cash to close$146,043$55,500$55,500