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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$391,824$391,824$477,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$85,176$0
Funding fee$0$0$0
Note rate3.690%3.690%7.320%
Blended rate4.540%5.336%7.560%
1st payment$1,973.96$1,973.96$3,276.66
2nd payment$0.00$638.82$0.00
Taxes / mo$205.00$205.00$205.00
Insurance / mo$166.67$166.67$166.67
MI / mo$304.15$304.15$95.40
HOA / mo$90.00$90.00$90.00
Total monthly$2,739.77$3,378.59$3,833.73
Cash to close$138,176$53,000$53,000