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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$450,933$450,933$472,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$47,817$0
Funding fee$0$0$0
Note rate6.81%6.81%7.18%
Blended rate7.36%7.793%7.42%
1st payment$2,979.58$2,979.58$3,200.88
2nd payment$0.00$473.19$0.00
Taxes / mo$545.08$545.08$545.08
Insurance / mo$166.67$166.67$166.67
MI / mo$209.26$209.26$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,900.60$4,373.79$4,007.13
Cash to close$74,067$26,250$52,500