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$567,027$567,027$594,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$26,973$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.470%7.539%7.640%
1st payment$3,827.48$3,827.48$4,112.74
2nd payment$0.00$202.29$0.00
Taxes / mo$768.08$768.08$768.08
Insurance / mo$166.67$166.67$166.67
MI / mo$265.82$265.82$118.80
HOA / mo$45.00$45.00$45.00
Total monthly$5,073.05$5,275.34$5,211.29
Cash to close$92,973$66,000$66,000