Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$609,699$609,699$607,455
Remaining term (yrs)26.926.930.0
Secondary amount$0$31,503$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.667%7.640%
1st payment$4,153.94$4,153.94$4,205.90
2nd payment$0.00$311.75$0.00
Taxes / mo$562.46$562.46$562.46
Insurance / mo$166.67$166.67$166.67
MI / mo$289.08$289.08$121.49
HOA / mo$466.00$466.00$466.00
Total monthly$5,638.14$5,949.89$5,522.51
Cash to close$65,251$33,748$67,495