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$637,902$637,902$841,410
Remaining term (yrs)27.127.130.0
Secondary amount$0$203,508$0
Funding fee$0$0$0
Note rate7.620%7.620%7.400%
Blended rate8.170%8.068%7.640%
1st payment$4,635.71$4,635.71$5,825.75
2nd payment$0.00$1,314.32$0.00
Taxes / mo$779.08$779.08$779.08
Insurance / mo$216.67$216.67$216.67
MI / mo$300.33$300.33$168.28
HOA / mo$0.00$0.00$0.00
Total monthly$5,931.79$7,246.11$6,989.78
Cash to close$296,998$93,490$93,490