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$517,703$517,703$576,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$58,297$0
Funding fee$0$0$0
Note rate6.010%6.010%7.400%
Blended rate6.560%6.807%7.640%
1st payment$3,253.97$3,253.97$3,988.11
2nd payment$0.00$437.22$0.00
Taxes / mo$558.17$558.17$558.17
Insurance / mo$166.67$166.67$166.67
MI / mo$238.77$238.77$115.20
HOA / mo$0.00$0.00$0.00
Total monthly$4,217.57$4,654.80$4,828.14
Cash to close$122,297$64,000$64,000