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$527,572$527,572$701,955
Remaining term (yrs)23.923.930.0
Secondary amount$0$174,383$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%4.904%7.640%
1st payment$2,580.15$2,580.15$4,860.19
2nd payment$0.00$1,162.55$0.00
Taxes / mo$649.96$649.96$649.96
Insurance / mo$216.67$216.67$216.67
MI / mo$431.83$431.83$140.39
HOA / mo$0.00$0.00$0.00
Total monthly$3,878.60$5,041.15$5,867.21
Cash to close$252,378$77,995$77,995