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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$421,217$421,217$450,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$28,783$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.800%7.877%7.640%
1st payment$2,911.74$2,911.74$3,115.71
2nd payment$0.00$215.87$0.00
Taxes / mo$213.33$213.33$213.33
Insurance / mo$166.67$166.67$166.67
MI / mo$311.58$311.58$90.00
HOA / mo$86.00$86.00$86.00
Total monthly$3,689.32$3,905.20$3,671.71
Cash to close$78,783$50,000$50,000