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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$1,433$1,433$481,500
Remaining term (yrs)0.10.130.0
Secondary amount$0$480,067$0
Funding fee$0$0$0
Note rate8.06%8.06%7.18%
Blended rate8.91%7.753%7.42%
1st payment$723.93$723.93$3,261.85
2nd payment$0.00$3,100.43$0.00
Taxes / mo$133.17$133.17$133.17
Insurance / mo$166.67$166.67$166.67
MI / mo$69.49$69.49$96.30
HOA / mo$58.67$58.67$58.67
Total monthly$1,151.92$4,252.35$3,716.65
Cash to close$533,567$53,500$53,500