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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$526,051$526,051$567,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$40,949$0
Funding fee$0$0$0
Note rate6.58%6.58%7.18%
Blended rate7.13%7.265%7.42%
1st payment$3,390.05$3,390.05$3,841.06
2nd payment$0.00$307.11$0.00
Taxes / mo$90.50$90.50$90.50
Insurance / mo$166.67$166.67$166.67
MI / mo$243.79$243.79$113.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,891.00$4,198.12$4,211.62
Cash to close$103,949$63,000$63,000