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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$440,434$440,434$501,165
Remaining term (yrs)28.428.430.0
Secondary amount$0$60,731$0
Funding fee$0$0$0
Note rate6.76%6.76%7.18%
Blended rate7.31%7.515%7.42%
1st payment$2,906.75$2,906.75$3,395.07
2nd payment$0.00$455.49$0.00
Taxes / mo$136.50$136.50$136.50
Insurance / mo$166.67$166.67$166.67
MI / mo$205.20$205.20$100.23
HOA / mo$28.33$28.33$28.33
Total monthly$3,443.44$3,898.93$3,826.80
Cash to close$116,416$55,685$55,685