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$494,264$494,264$499,500
Remaining term (yrs)27.027.030.0
Secondary amount$0$32,986$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.783%7.640%
1st payment$3,383.20$3,383.20$3,458.44
2nd payment$0.00$326.43$0.00
Taxes / mo$263.83$263.83$263.83
Insurance / mo$166.67$166.67$166.67
MI / mo$234.02$234.02$99.90
HOA / mo$193.00$193.00$193.00
Total monthly$4,240.72$4,567.15$4,181.84
Cash to close$60,736$27,750$55,500