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$541,238$541,238$616,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$75,262$0
Funding fee$0$0$0
Note rate4.980%4.980%7.400%
Blended rate5.830%6.217%7.640%
1st payment$3,111.52$3,111.52$4,268.52
2nd payment$0.00$564.46$0.00
Taxes / mo$465.42$465.42$465.42
Insurance / mo$166.67$166.67$166.67
MI / mo$411.50$411.50$123.30
HOA / mo$260.00$260.00$260.00
Total monthly$4,415.10$4,979.57$5,283.90
Cash to close$143,762$68,500$68,500