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$659,829$659,829$845,550
Remaining term (yrs)25.125.130.0
Secondary amount$0$185,721$0
Funding fee$0$0$0
Note rate3.010%3.010%7.400%
Blended rate3.860%4.769%7.640%
1st payment$3,111.62$3,111.62$5,854.42
2nd payment$0.00$1,238.14$0.00
Taxes / mo$782.92$782.92$782.92
Insurance / mo$216.67$216.67$216.67
MI / mo$522.11$522.11$169.11
HOA / mo$378.00$378.00$378.00
Total monthly$5,011.32$6,249.46$7,401.11
Cash to close$279,671$93,950$93,950