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$354,839$354,839$441,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$86,161$0
Funding fee$0$0$0
Note rate5.220%5.220%7.400%
Blended rate6.070%6.642%7.640%
1st payment$2,077.52$2,077.52$3,053.39
2nd payment$0.00$646.21$0.00
Taxes / mo$161.75$161.75$161.75
Insurance / mo$166.67$166.67$166.67
MI / mo$267.39$267.39$88.20
HOA / mo$67.00$67.00$67.00
Total monthly$2,740.32$3,386.53$3,537.01
Cash to close$135,161$49,000$49,000