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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$533,379$533,379$629,910
Remaining term (yrs)28.428.430.0
Secondary amount$0$96,531$0
Funding fee$0$0$0
Note rate6.89%6.89%7.18%
Blended rate7.44%7.679%7.42%
1st payment$3,565.74$3,565.74$4,267.23
2nd payment$0.00$723.98$0.00
Taxes / mo$287.75$287.75$287.75
Insurance / mo$166.67$166.67$166.67
MI / mo$248.40$248.40$125.98
HOA / mo$99.00$99.00$99.00
Total monthly$4,367.55$5,091.54$4,946.63
Cash to close$166,521$69,990$69,990