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$517,866$517,866$620,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$102,234$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.240%7.640%
1st payment$3,423.75$3,423.75$4,293.45
2nd payment$0.00$681.56$0.00
Taxes / mo$161.75$161.75$161.75
Insurance / mo$166.67$166.67$166.67
MI / mo$247.24$247.24$124.02
HOA / mo$35.67$35.67$35.67
Total monthly$4,035.07$4,716.63$4,781.55
Cash to close$171,134$68,900$68,900