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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$407,132$407,132$472,499
Remaining term (yrs)28.328.330.0
Secondary amount$0$65,367$0
Funding fee$0$0$0
Note rate6.76%6.76%7.18%
Blended rate7.31%7.544%7.42%
1st payment$2,689.57$2,689.57$3,200.87
2nd payment$0.00$490.26$0.00
Taxes / mo$168.33$168.33$168.33
Insurance / mo$166.67$166.67$166.67
MI / mo$189.86$189.86$94.50
HOA / mo$60.33$60.33$60.33
Total monthly$3,274.76$3,765.02$3,690.70
Cash to close$117,867$52,500$52,500