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$64,608$64,608$619,650
Remaining term (yrs)5.85.830.0
Secondary amount$0$555,042$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.390%7.712%7.640%
1st payment$1,099.81$1,099.81$4,290.33
2nd payment$0.00$3,584.64$0.00
Taxes / mo$334.83$334.83$334.83
Insurance / mo$166.67$166.67$166.67
MI / mo$122.74$122.74$123.93
HOA / mo$0.00$0.00$0.00
Total monthly$1,724.05$5,308.69$4,915.76
Cash to close$623,892$68,850$68,850