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$591,844$591,844$674,100
Remaining term (yrs)28.128.130.0
Secondary amount$0$82,256$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.481%7.640%
1st payment$3,901.98$3,901.98$4,667.33
2nd payment$0.00$616.92$0.00
Taxes / mo$624.17$624.17$624.17
Insurance / mo$216.67$216.67$216.67
MI / mo$276.58$276.58$134.82
HOA / mo$145.00$145.00$145.00
Total monthly$5,164.40$5,781.32$5,787.99
Cash to close$157,156$74,900$74,900