Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$536,781$536,781$539,991
Remaining term (yrs)28.328.330.0
Secondary amount$0$33,210$0
Funding fee$0$0$0
Note rate6.93%6.93%7.18%
Blended rate7.48%7.736%7.42%
1st payment$3,606.01$3,606.01$3,658.09
2nd payment$0.00$328.64$0.00
Taxes / mo$165.42$165.42$165.42
Insurance / mo$166.67$166.67$166.67
MI / mo$250.19$250.19$108.00
HOA / mo$220.00$220.00$220.00
Total monthly$4,408.29$4,736.93$4,318.17
Cash to close$63,209$30,000$59,999