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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$519,670$519,670$607,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$87,830$0
Funding fee$0$0$0
Note rate6.71%6.71%7.18%
Blended rate7.26%7.512%7.42%
1st payment$3,484.38$3,484.38$4,115.42
2nd payment$0.00$658.73$0.00
Taxes / mo$222.50$222.50$222.50
Insurance / mo$166.67$166.67$166.67
MI / mo$247.24$247.24$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,120.79$4,779.51$4,626.08
Cash to close$155,330$67,500$67,500