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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$383,569$383,569$400,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$39,181$0
Funding fee$0$0$0
Note rate6.44%6.44%7.18%
Blended rate6.99%7.443%7.42%
1st payment$2,466.93$2,466.93$2,713.13
2nd payment$0.00$387.72$0.00
Taxes / mo$211.83$211.83$211.83
Insurance / mo$150.00$150.00$150.00
MI / mo$180.01$180.01$80.10
HOA / mo$111.00$111.00$111.00
Total monthly$3,119.77$3,507.50$3,266.06
Cash to close$61,431$22,250$44,500