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$712,538$712,538$846,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$133,462$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.360%7.640%
1st payment$4,763.11$4,763.11$5,857.53
2nd payment$0.00$889.75$0.00
Taxes / mo$580.58$580.58$580.58
Insurance / mo$216.67$216.67$216.67
MI / mo$338.67$338.67$169.20
HOA / mo$6.25$6.25$6.25
Total monthly$5,905.28$6,795.02$6,830.23
Cash to close$227,462$94,000$94,000