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$526,088$526,088$742,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$216,412$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.474%7.640%
1st payment$3,479.42$3,479.42$5,140.92
2nd payment$0.00$1,397.66$0.00
Taxes / mo$394.83$394.83$394.83
Insurance / mo$216.67$216.67$216.67
MI / mo$244.37$244.37$148.50
HOA / mo$230.00$230.00$230.00
Total monthly$4,565.29$5,962.95$6,130.92
Cash to close$298,912$82,500$82,500