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$13,428$13,428$593,899
Remaining term (yrs)23.923.930.0
Secondary amount$0$580,471$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.740%7.640%
1st payment$94.44$94.44$4,112.04
2nd payment$0.00$3,748.88$0.00
Taxes / mo$549.91$549.91$549.91
Insurance / mo$166.67$166.67$166.67
MI / mo$6.25$6.25$118.78
HOA / mo$0.00$0.00$0.00
Total monthly$817.27$4,566.15$4,947.39
Cash to close$646,460$65,989$65,989