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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$516,067$516,067$538,200
Remaining term (yrs)27.527.530.0
Secondary amount$0$52,033$0
Funding fee$0$0$0
Note rate6.82%6.82%7.18%
Blended rate7.37%7.783%7.42%
1st payment$3,463.70$3,463.70$3,645.95
2nd payment$0.00$514.91$0.00
Taxes / mo$239.83$239.83$239.83
Insurance / mo$166.67$166.67$166.67
MI / mo$243.02$243.02$107.64
HOA / mo$63.33$63.33$63.33
Total monthly$4,176.54$4,691.46$4,223.42
Cash to close$81,933$29,900$59,800