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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$427,380$427,380$516,600
Remaining term (yrs)27.227.230.0
Secondary amount$0$89,220$0
Funding fee$0$0$0
Note rate6.82%6.82%7.18%
Blended rate7.37%7.652%7.42%
1st payment$2,877.39$2,877.39$3,499.63
2nd payment$0.00$669.15$0.00
Taxes / mo$131.42$131.42$131.42
Insurance / mo$166.67$166.67$166.67
MI / mo$201.88$201.88$103.32
HOA / mo$0.00$0.00$0.00
Total monthly$3,377.35$4,046.50$3,901.03
Cash to close$146,620$57,400$57,400