Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$435,260$435,260$436,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$25,490$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.685%7.640%
1st payment$2,907.06$2,907.06$3,022.24
2nd payment$0.00$252.25$0.00
Taxes / mo$84.75$84.75$84.75
Insurance / mo$166.67$166.67$166.67
MI / mo$202.51$202.51$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,360.99$3,613.24$3,360.95
Cash to close$49,740$24,250$48,500