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$32,344$32,344$585,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$552,656$0
Funding fee$0$0$0
Note rate7.290%7.290%7.400%
Blended rate7.840%7.755%7.640%
1st payment$229.77$229.77$4,050.42
2nd payment$0.00$3,569.24$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$15.23$15.23$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$953.33$4,522.57$4,875.76
Cash to close$617,656$65,000$65,000