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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$519,670$519,670$575,899
Remaining term (yrs)26.726.730.0
Secondary amount$0$56,229$0
Funding fee$0$0$0
Note rate6.71%6.71%7.18%
Blended rate7.26%7.43%7.42%
1st payment$3,484.38$3,484.38$3,901.34
2nd payment$0.00$421.72$0.00
Taxes / mo$302.75$302.75$302.75
Insurance / mo$166.67$166.67$166.67
MI / mo$247.24$247.24$115.18
HOA / mo$66.67$66.67$66.67
Total monthly$4,267.71$4,689.43$4,552.61
Cash to close$120,218$63,989$63,989