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$3,342$3,342$539,100
Remaining term (yrs)0.50.530.0
Secondary amount$0$535,758$0
Funding fee$0$0$0
Note rate7.940%7.940%7.400%
Blended rate8.790%7.756%7.640%
1st payment$430.23$430.23$3,732.62
2nd payment$0.00$3,460.11$0.00
Taxes / mo$71.33$71.33$71.33
Insurance / mo$166.67$166.67$166.67
MI / mo$41.77$41.77$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$710.00$4,170.11$4,078.44
Cash to close$595,658$59,900$59,900