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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$464,789$464,789$526,050
Remaining term (yrs)26.526.530.0
Secondary amount$0$61,261$0
Funding fee$0$0$0
Note rate6.35%6.35%7.18%
Blended rate6.9%7.145%7.42%
1st payment$3,020.42$3,020.42$3,563.65
2nd payment$0.00$459.46$0.00
Taxes / mo$256.08$256.08$256.08
Insurance / mo$166.67$166.67$166.67
MI / mo$222.48$222.48$105.21
HOA / mo$126.00$126.00$126.00
Total monthly$3,791.65$4,251.11$4,217.61
Cash to close$119,711$58,450$58,450