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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$10,328$10,328$490,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$480,172$0
Funding fee$0$0$0
Note rate6.58%6.58%7.18%
Blended rate7.13%7.737%7.42%
1st payment$71.42$71.42$3,322.82
2nd payment$0.00$3,101.11$0.00
Taxes / mo$104.75$104.75$104.75
Insurance / mo$166.67$166.67$166.67
MI / mo$4.81$4.81$98.10
HOA / mo$0.00$0.00$0.00
Total monthly$347.64$3,448.76$3,692.33
Cash to close$534,672$54,500$54,500