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$545,245$545,245$899,991
Remaining term (yrs)27.527.530.0
Secondary amount$0$354,746$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.520%7.640%
1st payment$3,655.79$3,655.79$6,231.36
2nd payment$0.00$2,291.07$0.00
Taxes / mo$833.32$833.32$833.32
Insurance / mo$216.67$216.67$216.67
MI / mo$256.49$256.49$180.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,962.28$7,253.35$7,461.35
Cash to close$454,745$99,999$99,999