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$0$0$571,491
Remaining term (yrs)28.828.830.0
Secondary amount$0$571,491$0
Funding fee$0$0$0
Note rate5.891%5.891%7.400%
Blended rate6.441%7.750%7.640%
1st payment$0.00$0.00$3,956.89
2nd payment$0.00$3,690.88$0.00
Taxes / mo$6.83$6.83$6.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.30
HOA / mo$190.00$190.00$190.00
Total monthly$363.50$4,054.38$4,434.69
Cash to close$634,990$63,499$63,499