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$740,639$740,639$747,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$47,861$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.432%7.640%
1st payment$4,367.13$4,367.13$5,172.08
2nd payment$0.00$473.63$0.00
Taxes / mo$885.30$885.30$885.30
Insurance / mo$216.67$216.67$216.67
MI / mo$561.45$561.45$149.40
HOA / mo$0.00$0.00$0.00
Total monthly$6,030.54$6,504.17$6,423.44
Cash to close$89,361$41,500$83,000