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$583,653$583,653$675,900
Remaining term (yrs)27.227.230.0
Secondary amount$0$92,247$0
Funding fee$0$0$0
Note rate7.290%7.290%7.400%
Blended rate7.840%7.998%7.640%
1st payment$4,109.35$4,109.35$4,679.80
2nd payment$0.00$691.85$0.00
Taxes / mo$602.00$602.00$602.00
Insurance / mo$216.67$216.67$216.67
MI / mo$275.00$275.00$135.18
HOA / mo$39.58$39.58$39.58
Total monthly$5,242.60$5,934.45$5,673.22
Cash to close$167,347$75,100$75,100