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$19,518$19,518$719,999
Remaining term (yrs)25.925.930.0
Secondary amount$0$700,481$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.737%7.640%
1st payment$132.38$132.38$4,985.13
2nd payment$0.00$4,523.94$0.00
Taxes / mo$666.67$666.67$666.67
Insurance / mo$216.67$216.67$216.67
MI / mo$9.29$9.29$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,025.00$5,548.94$6,012.46
Cash to close$780,481$80,000$80,000