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$667,403$667,403$738,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$70,597$0
Funding fee$0$0$0
Note rate6.480%6.480%7.400%
Blended rate7.030%7.218%7.640%
1st payment$4,397.23$4,397.23$5,109.76
2nd payment$0.00$529.48$0.00
Taxes / mo$683.33$683.33$683.33
Insurance / mo$216.67$216.67$216.67
MI / mo$319.52$319.52$147.60
HOA / mo$205.00$205.00$205.00
Total monthly$5,821.76$6,351.24$6,362.36
Cash to close$152,597$82,000$82,000