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$711,477$711,477$855,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$143,523$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.185%7.640%
1st payment$4,655.83$4,655.83$5,919.85
2nd payment$0.00$956.82$0.00
Taxes / mo$580.58$580.58$580.58
Insurance / mo$216.67$216.67$216.67
MI / mo$338.67$338.67$171.00
HOA / mo$6.25$6.25$6.25
Total monthly$5,798.00$6,754.82$6,894.35
Cash to close$238,523$95,000$95,000