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$72,358$72,358$675,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$602,642$0
Funding fee$0$0$0
Note rate6.860%6.860%7.400%
Blended rate7.410%7.714%7.640%
1st payment$497.70$497.70$4,673.56
2nd payment$0.00$3,892.06$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$34.03$34.03$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,373.39$5,265.46$5,650.23
Cash to close$677,642$75,000$75,000