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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$448,914$448,914$449,999
Remaining term (yrs)27.227.230.0
Secondary amount$0$26,085$0
Funding fee$0$0$0
Note rate7.29%7.29%7.18%
Blended rate7.84%8.062%7.42%
1st payment$3,160.69$3,160.69$3,048.45
2nd payment$0.00$258.14$0.00
Taxes / mo$159.67$159.67$159.67
Insurance / mo$166.67$166.67$166.67
MI / mo$211.51$211.51$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,698.53$3,956.67$3,464.78
Cash to close$51,085$25,000$50,000