Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$561,464$561,464$558,000
Remaining term (yrs)28.628.630.0
Secondary amount$0$27,536$0
Funding fee$0$0$0
Note rate6.830%6.830%7.400%
Blended rate7.380%7.590%7.640%
1st payment$3,720.79$3,720.79$3,863.48
2nd payment$0.00$272.50$0.00
Taxes / mo$516.67$516.67$516.67
Insurance / mo$166.67$166.67$166.67
MI / mo$260.79$260.79$111.60
HOA / mo$0.00$0.00$0.00
Total monthly$4,664.91$4,937.40$4,658.41
Cash to close$58,536$31,000$62,000