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$443,112$443,112$450,000
Remaining term (yrs)28.128.130.0
Secondary amount$0$31,888$0
Funding fee$0$0$0
Note rate6.440%6.440%7.400%
Blended rate6.990%7.318%7.640%
1st payment$2,840.90$2,840.90$3,115.71
2nd payment$0.00$315.56$0.00
Taxes / mo$125.08$125.08$125.08
Insurance / mo$166.67$166.67$166.67
MI / mo$207.30$207.30$90.00
HOA / mo$100.00$100.00$100.00
Total monthly$3,439.95$3,755.51$3,597.46
Cash to close$56,888$25,000$50,000