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$600,712$600,712$816,750
Remaining term (yrs)29.529.530.0
Secondary amount$0$216,038$0
Funding fee$0$0$0
Note rate6.000%6.000%7.400%
Blended rate6.550%6.867%7.640%
1st payment$3,616.08$3,616.08$5,655.01
2nd payment$0.00$1,395.24$0.00
Taxes / mo$184.67$184.67$184.67
Insurance / mo$216.67$216.67$216.67
MI / mo$276.44$276.44$163.35
HOA / mo$18.33$18.33$18.33
Total monthly$4,312.18$5,707.42$6,238.03
Cash to close$306,788$90,750$90,750