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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$387,586$387,586$477,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$89,414$0
Funding fee$0$0$0
Note rate6.78%6.78%7.18%
Blended rate7.33%7.643%7.42%
1st payment$2,619.11$2,619.11$3,231.36
2nd payment$0.00$670.60$0.00
Taxes / mo$112.75$112.75$112.75
Insurance / mo$166.67$166.67$166.67
MI / mo$184.51$184.51$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,083.04$3,753.65$3,606.18
Cash to close$142,414$53,000$53,000