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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$517,088$517,088$612,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$94,912$0
Funding fee$0$0$0
Note rate6.34%6.34%7.18%
Blended rate6.89%7.217%7.42%
1st payment$3,352.98$3,352.98$4,145.90
2nd payment$0.00$711.84$0.00
Taxes / mo$225.33$225.33$225.33
Insurance / mo$166.67$166.67$166.67
MI / mo$247.24$247.24$122.40
HOA / mo$125.00$125.00$125.00
Total monthly$4,117.22$4,829.06$4,785.30
Cash to close$162,912$68,000$68,000