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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$151,473$151,473$580,500
Remaining term (yrs)14.614.630.0
Secondary amount$0$429,027$0
Funding fee$0$0$0
Note rate4.78%4.78%7.18%
Blended rate5.63%7.197%7.42%
1st payment$1,198.94$1,198.94$3,932.51
2nd payment$0.00$2,770.80$0.00
Taxes / mo$233.42$233.42$233.42
Insurance / mo$166.67$166.67$166.67
MI / mo$162.24$162.24$116.10
HOA / mo$178.00$178.00$178.00
Total monthly$1,939.26$4,710.06$4,626.69
Cash to close$493,527$64,500$64,500