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$544,491
Remaining term (yrs)29.229.230.0
Secondary amount$0$544,491$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.750%7.640%
1st payment$0.00$0.00$3,769.95
2nd payment$0.00$3,516.50$0.00
Taxes / mo$31.75$31.75$31.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.90
HOA / mo$0.00$0.00$0.00
Total monthly$198.42$3,714.92$4,077.26
Cash to close$604,990$60,499$60,499