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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$382,871$382,871$719,998
Remaining term (yrs)27.827.830.0
Secondary amount$0$337,127$0
Funding fee$0$0$0
Note rate6.780%6.780%7.320%
Blended rate7.330%7.527%7.560%
1st payment$2,546.79$2,546.79$4,945.89
2nd payment$0.00$2,177.28$0.00
Taxes / mo$251.83$251.83$251.83
Insurance / mo$216.67$216.67$216.67
MI / mo$179.42$179.42$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,194.71$5,371.99$5,558.39
Cash to close$417,127$80,000$80,000