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$13,293$13,293$539,910
Remaining term (yrs)23.023.030.0
Secondary amount$0$526,617$0
Funding fee$0$0$0
Note rate6.140%6.140%7.400%
Blended rate6.690%7.724%7.640%
1st payment$89.88$89.88$3,738.23
2nd payment$0.00$3,401.07$0.00
Taxes / mo$499.92$499.92$499.92
Insurance / mo$166.67$166.67$166.67
MI / mo$6.31$6.31$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$762.77$4,163.84$4,512.79
Cash to close$586,607$59,990$59,990