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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$423,109$423,109$508,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$85,391$0
Funding fee$0$0$0
Note rate4.72%4.72%7.11%
Blended rate5.57%6.146%7.35%
1st payment$2,372.28$2,372.28$3,420.71
2nd payment$0.00$640.43$0.00
Taxes / mo$422.50$422.50$422.50
Insurance / mo$166.67$166.67$166.67
MI / mo$323.25$323.25$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,284.70$3,925.12$4,111.58
Cash to close$141,891$56,500$56,500