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$483,539$483,539$525,960
Remaining term (yrs)28.528.530.0
Secondary amount$0$42,421$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.336%7.640%
1st payment$3,147.13$3,147.13$3,641.64
2nd payment$0.00$318.16$0.00
Taxes / mo$157.67$157.67$157.67
Insurance / mo$166.67$166.67$166.67
MI / mo$224.92$224.92$105.19
HOA / mo$0.00$0.00$0.00
Total monthly$3,696.39$4,014.55$4,071.17
Cash to close$100,861$58,440$58,440