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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$400,405$400,405$436,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$36,095$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.532%7.560%
1st payment$2,653.84$2,653.84$2,998.45
2nd payment$0.00$270.71$0.00
Taxes / mo$224.58$224.58$224.58
Insurance / mo$166.67$166.67$166.67
MI / mo$185.63$185.63$87.30
HOA / mo$237.00$237.00$237.00
Total monthly$3,467.72$3,738.43$3,714.00
Cash to close$84,595$48,500$48,500