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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$480,962$480,962$512,100
Remaining term (yrs)27.127.130.0
Secondary amount$0$31,138$0
Funding fee$0$0$0
Note rate6.61%6.61%7.18%
Blended rate7.16%7.272%7.42%
1st payment$3,176.29$3,176.29$3,469.14
2nd payment$0.00$233.53$0.00
Taxes / mo$205.25$205.25$205.25
Insurance / mo$166.67$166.67$166.67
MI / mo$227.71$227.71$102.42
HOA / mo$185.00$185.00$185.00
Total monthly$3,960.92$4,194.45$4,128.48
Cash to close$88,038$56,900$56,900