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$363,820$363,820$414,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$50,180$0
Funding fee$0$0$0
Note rate5.110%5.110%7.400%
Blended rate5.960%6.328%7.640%
1st payment$2,119.39$2,119.39$2,866.45
2nd payment$0.00$376.35$0.00
Taxes / mo$142.58$142.58$142.58
Insurance / mo$166.67$166.67$166.67
MI / mo$276.18$276.18$82.80
HOA / mo$159.00$159.00$159.00
Total monthly$2,863.82$3,240.17$3,417.50
Cash to close$96,180$46,000$46,000