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$580,681$580,681$584,100
Remaining term (yrs)28.528.530.0
Secondary amount$0$35,869$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.576%7.640%
1st payment$3,825.02$3,825.02$4,044.19
2nd payment$0.00$354.96$0.00
Taxes / mo$540.83$540.83$540.83
Insurance / mo$166.67$166.67$166.67
MI / mo$270.02$270.02$116.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,802.53$5,157.49$4,868.51
Cash to close$68,319$32,450$64,900