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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$389,415$389,415$463,500
Remaining term (yrs)29.229.230.0
Secondary amount$0$74,085$0
Funding fee$0$0$0
Note rate6.5%6.5%7.18%
Blended rate7.05%7.362%7.42%
1st payment$2,479.65$2,479.65$3,139.91
2nd payment$0.00$555.63$0.00
Taxes / mo$235.33$235.33$235.33
Insurance / mo$166.67$166.67$166.67
MI / mo$179.81$179.81$92.70
HOA / mo$70.00$70.00$70.00
Total monthly$3,131.45$3,687.09$3,704.61
Cash to close$125,585$51,500$51,500