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$602,752$602,752$701,910
Remaining term (yrs)26.826.830.0
Secondary amount$0$99,158$0
Funding fee$0$0$0
Note rate6.990%6.990%7.400%
Blended rate7.540%7.746%7.640%
1st payment$4,146.23$4,146.23$4,859.88
2nd payment$0.00$743.69$0.00
Taxes / mo$649.92$649.92$649.92
Insurance / mo$216.67$216.67$216.67
MI / mo$283.02$283.02$140.38
HOA / mo$0.00$0.00$0.00
Total monthly$5,295.83$6,039.51$5,866.85
Cash to close$177,148$77,990$77,990