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$11,961$11,961$557,100
Remaining term (yrs)28.828.830.0
Secondary amount$0$545,139$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.742%7.640%
1st payment$78.96$78.96$3,857.25
2nd payment$0.00$3,520.69$0.00
Taxes / mo$193.92$193.92$193.92
Insurance / mo$166.67$166.67$166.67
MI / mo$5.55$5.55$111.42
HOA / mo$33.58$33.58$33.58
Total monthly$478.67$3,999.36$4,362.83
Cash to close$607,039$61,900$61,900