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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$486,379$486,379$522,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$35,621$0
Funding fee$0$0$0
Note rate6.28%6.28%7.18%
Blended rate6.83%6.978%7.42%
1st payment$3,139.25$3,139.25$3,536.21
2nd payment$0.00$267.16$0.00
Taxes / mo$177.00$177.00$177.00
Insurance / mo$166.67$166.67$166.67
MI / mo$232.94$232.94$104.40
HOA / mo$55.00$55.00$55.00
Total monthly$3,770.86$4,038.02$4,039.28
Cash to close$93,621$58,000$58,000