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$592,268
Remaining term (yrs)29.029.030.0
Secondary amount$0$592,268$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$4,100.74
2nd payment$0.00$3,825.06$0.00
Taxes / mo$548.40$548.40$548.40
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.45
HOA / mo$0.00$0.00$0.00
Total monthly$715.06$4,540.12$4,934.26
Cash to close$658,075$65,808$65,808