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$468,548$468,548$512,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$43,552$0
Funding fee$0$0$0
Note rate7.190%7.190%7.400%
Blended rate7.740%7.847%7.640%
1st payment$3,281.00$3,281.00$3,545.68
2nd payment$0.00$326.64$0.00
Taxes / mo$290.75$290.75$290.75
Insurance / mo$166.67$166.67$166.67
MI / mo$221.76$221.76$102.42
HOA / mo$126.00$126.00$126.00
Total monthly$4,086.18$4,412.82$4,231.51
Cash to close$100,452$56,900$56,900