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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$523,959$523,959$585,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$61,041$0
Funding fee$0$0$0
Note rate6.63%6.63%7.18%
Blended rate7.18%7.37%7.42%
1st payment$3,455.79$3,455.79$3,962.99
2nd payment$0.00$457.81$0.00
Taxes / mo$189.92$189.92$189.92
Insurance / mo$166.67$166.67$166.67
MI / mo$247.24$247.24$117.00
HOA / mo$120.00$120.00$120.00
Total monthly$4,179.61$4,637.42$4,556.58
Cash to close$126,041$65,000$65,000