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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$19,453$19,453$557,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$537,647$0
Funding fee$0$0$0
Note rate6.85%6.85%7.18%
Blended rate7.4%7.738%7.42%
1st payment$132.77$132.77$3,773.99
2nd payment$0.00$3,472.30$0.00
Taxes / mo$167.67$167.67$167.67
Insurance / mo$166.67$166.67$166.67
MI / mo$9.09$9.09$111.42
HOA / mo$125.00$125.00$125.00
Total monthly$601.19$4,073.49$4,344.74
Cash to close$599,547$61,900$61,900