Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$395,701$395,701$400,500
Remaining term (yrs)27.227.230.0
Secondary amount$0$27,049$0
Funding fee$0$0$0
Note rate7.290%7.290%7.400%
Blended rate7.840%8.098%7.640%
1st payment$2,786.03$2,786.03$2,772.98
2nd payment$0.00$267.67$0.00
Taxes / mo$190.50$190.50$190.50
Insurance / mo$150.00$150.00$150.00
MI / mo$186.44$186.44$80.10
HOA / mo$134.00$134.00$134.00
Total monthly$3,446.97$3,714.64$3,327.58
Cash to close$49,299$22,250$44,500