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$26,651$26,651$675,000
Remaining term (yrs)15.915.930.0
Secondary amount$0$648,349$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%7.596%7.640%
1st payment$174.82$174.82$4,673.56
2nd payment$0.00$4,187.25$0.00
Taxes / mo$430.17$430.17$430.17
Insurance / mo$216.67$216.67$216.67
MI / mo$23.15$23.15$135.00
HOA / mo$56.67$56.67$56.67
Total monthly$901.47$5,088.73$5,512.07
Cash to close$723,349$75,000$75,000