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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$396,607$396,607$404,100
Remaining term (yrs)27.527.530.0
Secondary amount$0$29,943$0
Funding fee$0$0$0
Note rate6.82%6.82%7.18%
Blended rate7.37%7.686%7.42%
1st payment$2,661.92$2,661.92$2,737.51
2nd payment$0.00$296.32$0.00
Taxes / mo$30.50$30.50$30.50
Insurance / mo$150.00$150.00$150.00
MI / mo$186.76$186.76$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,029.18$3,325.49$2,998.83
Cash to close$52,393$22,450$44,900