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$696,650$696,650$742,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$45,850$0
Funding fee$0$0$0
Note rate6.330%6.330%7.400%
Blended rate6.880%7.011%7.640%
1st payment$4,523.85$4,523.85$5,140.92
2nd payment$0.00$343.87$0.00
Taxes / mo$687.50$687.50$687.50
Insurance / mo$216.67$216.67$216.67
MI / mo$333.92$333.92$148.50
HOA / mo$0.00$0.00$0.00
Total monthly$5,761.94$6,105.81$6,193.59
Cash to close$128,350$82,500$82,500