Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$516,852$516,852$616,402
Remaining term (yrs)14.014.030.0
Secondary amount$0$99,550$0
Funding fee$0$0$0
Note rate5.690%5.690%7.400%
Blended rate6.240%6.686%7.640%
1st payment$4,452.47$4,452.47$4,267.84
2nd payment$0.00$746.63$0.00
Taxes / mo$539.00$539.00$539.00
Insurance / mo$166.67$166.67$166.67
MI / mo$246.70$246.70$123.28
HOA / mo$0.00$0.00$0.00
Total monthly$5,404.83$6,151.46$5,096.79
Cash to close$168,039$68,489$68,489