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$3,352$3,352$652,500
Remaining term (yrs)12.012.030.0
Secondary amount$0$649,148$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%7.729%7.640%
1st payment$27.21$27.21$4,517.78
2nd payment$0.00$4,192.41$0.00
Taxes / mo$393.00$393.00$393.00
Insurance / mo$216.67$216.67$216.67
MI / mo$3.25$3.25$130.50
HOA / mo$113.33$113.33$113.33
Total monthly$753.46$4,945.87$5,371.27
Cash to close$721,648$72,500$72,500