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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$513,049$513,049$530,730
Remaining term (yrs)27.827.830.0
Secondary amount$0$47,166$0
Funding fee$0$0$0
Note rate6.78%6.78%7.18%
Blended rate7.33%7.713%7.42%
1st payment$3,416.14$3,416.14$3,595.35
2nd payment$0.00$466.74$0.00
Taxes / mo$140.67$140.67$140.67
Insurance / mo$166.67$166.67$166.67
MI / mo$240.66$240.66$106.15
HOA / mo$29.33$29.33$29.33
Total monthly$3,993.47$4,460.21$4,038.16
Cash to close$76,651$29,485$58,970