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$431,581$431,581$468,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$36,419$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%6.824%7.640%
1st payment$2,734.17$2,734.17$3,240.34
2nd payment$0.00$273.14$0.00
Taxes / mo$191.67$191.67$191.67
Insurance / mo$166.67$166.67$166.67
MI / mo$207.01$207.01$93.60
HOA / mo$54.00$54.00$54.00
Total monthly$3,353.52$3,626.66$3,746.27
Cash to close$88,419$52,000$52,000