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$516,886$516,886$535,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$48,364$0
Funding fee$0$0$0
Note rate6.130%6.130%7.400%
Blended rate6.680%7.124%7.640%
1st payment$3,279.36$3,279.36$3,707.69
2nd payment$0.00$478.60$0.00
Taxes / mo$177.42$177.42$177.42
Insurance / mo$166.67$166.67$166.67
MI / mo$247.24$247.24$107.10
HOA / mo$66.00$66.00$66.00
Total monthly$3,936.68$4,415.28$4,224.88
Cash to close$78,114$29,750$59,500