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$519,372$519,372$607,410
Remaining term (yrs)26.626.630.0
Secondary amount$0$88,038$0
Funding fee$0$0$0
Note rate6.79%6.79%7.18%
Blended rate7.34%7.581%7.42%
1st payment$3,513.00$3,513.00$4,114.81
2nd payment$0.00$660.29$0.00
Taxes / mo$172.25$172.25$172.25
Insurance / mo$166.67$166.67$166.67
MI / mo$247.23$247.23$121.48
HOA / mo$94.00$94.00$94.00
Total monthly$4,193.15$4,853.44$4,669.21
Cash to close$155,528$67,490$67,490