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$580,541$580,541$611,100
Remaining term (yrs)26.826.830.0
Secondary amount$0$30,559$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.442%7.640%
1st payment$3,925.66$3,925.66$4,231.13
2nd payment$0.00$229.19$0.00
Taxes / mo$565.83$565.83$565.83
Insurance / mo$166.67$166.67$166.67
MI / mo$275.71$275.71$122.22
HOA / mo$120.00$120.00$120.00
Total monthly$5,053.87$5,283.06$5,205.85
Cash to close$98,459$67,900$67,900