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$17,734$17,734$476,910
Remaining term (yrs)27.827.830.0
Secondary amount$0$459,176$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.738%7.640%
1st payment$119.13$119.13$3,302.03
2nd payment$0.00$2,965.51$0.00
Taxes / mo$441.58$441.58$441.58
Insurance / mo$166.67$166.67$166.67
MI / mo$8.32$8.32$95.38
HOA / mo$0.00$0.00$0.00
Total monthly$735.69$3,701.20$4,005.66
Cash to close$512,166$52,990$52,990