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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$12,112$12,112$404,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$392,798$0
Funding fee$0$0$0
Note rate5.81%5.81%7.18%
Blended rate6.66%7.717%7.42%
1st payment$76.87$76.87$2,743.00
2nd payment$0.00$2,536.82$0.00
Taxes / mo$175.33$175.33$175.33
Insurance / mo$150.00$150.00$150.00
MI / mo$9.15$9.15$80.98
HOA / mo$63.00$63.00$63.00
Total monthly$474.35$3,011.17$3,212.32
Cash to close$437,788$44,990$44,990