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$391,824$391,824$484,828
Remaining term (yrs)25.525.530.0
Secondary amount$0$93,004$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%5.396%7.640%
1st payment$1,973.96$1,973.96$3,356.85
2nd payment$0.00$697.53$0.00
Taxes / mo$205.00$205.00$205.00
Insurance / mo$166.67$166.67$166.67
MI / mo$304.15$304.15$96.97
HOA / mo$90.00$90.00$90.00
Total monthly$2,739.77$3,437.30$3,915.48
Cash to close$146,874$53,870$53,870