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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$517,855$517,855$629,910
Remaining term (yrs)26.526.530.0
Secondary amount$0$112,055$0
Funding fee$0$0$0
Note rate6.73%6.73%7.18%
Blended rate7.28%7.408%7.42%
1st payment$3,490.56$3,490.56$4,267.23
2nd payment$0.00$747.03$0.00
Taxes / mo$244.92$244.92$244.92
Insurance / mo$166.67$166.67$166.67
MI / mo$247.17$247.17$125.98
HOA / mo$60.00$60.00$60.00
Total monthly$4,209.31$4,956.34$4,864.80
Cash to close$182,045$69,990$69,990