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$82,710$82,710$539,999
Remaining term (yrs)3.93.930.0
Secondary amount$0$457,289$0
Funding fee$0$0$0
Note rate3.970%3.970%7.400%
Blended rate4.820%7.301%7.640%
1st payment$1,866.40$1,866.40$3,738.84
2nd payment$0.00$2,953.33$0.00
Taxes / mo$667.42$667.42$667.42
Insurance / mo$166.67$166.67$166.67
MI / mo$179.09$179.09$108.00
HOA / mo$26.25$26.25$26.25
Total monthly$2,905.82$5,859.15$4,707.18
Cash to close$517,289$60,000$60,000