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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$403,842$403,842$628,200
Remaining term (yrs)28.728.730.0
Secondary amount$0$224,358$0
Funding fee$0$0$0
Note rate6.67%6.67%7.18%
Blended rate7.22%7.409%7.42%
1st payment$2,631.28$2,631.28$4,255.65
2nd payment$0.00$1,448.98$0.00
Taxes / mo$202.50$202.50$202.50
Insurance / mo$166.67$166.67$166.67
MI / mo$187.47$187.47$125.64
HOA / mo$119.00$119.00$119.00
Total monthly$3,306.92$4,755.90$4,869.45
Cash to close$294,158$69,800$69,800