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$513,564$513,564$530,730
Remaining term (yrs)27.927.930.0
Secondary amount$0$46,651$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.708%7.640%
1st payment$3,416.14$3,416.14$3,674.67
2nd payment$0.00$461.65$0.00
Taxes / mo$140.67$140.67$140.67
Insurance / mo$166.67$166.67$166.67
MI / mo$240.66$240.66$106.15
HOA / mo$29.33$29.33$29.33
Total monthly$3,993.47$4,455.12$4,117.48
Cash to close$76,136$29,485$58,970