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$576,058$576,058$769,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$193,442$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.483%7.640%
1st payment$3,798.19$3,798.19$5,327.86
2nd payment$0.00$1,289.61$0.00
Taxes / mo$712.50$712.50$712.50
Insurance / mo$216.67$216.67$216.67
MI / mo$268.13$268.13$153.90
HOA / mo$545.00$545.00$545.00
Total monthly$5,540.48$6,830.09$6,955.93
Cash to close$278,942$85,500$85,500