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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$379,047$379,047$441,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$61,953$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.504%7.640%
1st payment$2,530.39$2,530.39$3,053.39
2nd payment$0.00$464.65$0.00
Taxes / mo$168.67$168.67$168.67
Insurance / mo$166.67$166.67$166.67
MI / mo$179.55$179.55$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,045.27$3,509.92$3,476.93
Cash to close$110,953$49,000$49,000