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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$450,409$450,409$472,410
Remaining term (yrs)26.426.430.0
Secondary amount$0$48,246$0
Funding fee$0$0$0
Note rate6.26%6.26%7.18%
Blended rate6.81%7.3%7.42%
1st payment$2,904.98$2,904.98$3,200.27
2nd payment$0.00$477.44$0.00
Taxes / mo$195.17$195.17$195.17
Insurance / mo$166.67$166.67$166.67
MI / mo$216.02$216.02$94.48
HOA / mo$88.00$88.00$88.00
Total monthly$3,570.84$4,048.27$3,744.59
Cash to close$74,491$26,245$52,490