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$410,445$410,445$495,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$84,555$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%5.360%7.640%
1st payment$2,083.46$2,083.46$3,427.28
2nd payment$0.00$634.17$0.00
Taxes / mo$122.00$122.00$122.00
Insurance / mo$166.67$166.67$166.67
MI / mo$318.27$318.27$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,690.40$3,324.57$3,814.95
Cash to close$139,555$55,000$55,000