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$486,969$486,969$535,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$48,531$0
Funding fee$0$0$0
Note rate6.280%6.280%7.400%
Blended rate6.830%7.027%7.640%
1st payment$3,139.25$3,139.25$3,707.69
2nd payment$0.00$363.98$0.00
Taxes / mo$177.00$177.00$177.00
Insurance / mo$166.67$166.67$166.67
MI / mo$232.94$232.94$107.10
HOA / mo$55.00$55.00$55.00
Total monthly$3,770.86$4,134.84$4,213.46
Cash to close$108,031$59,500$59,500