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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$509,699$509,699$526,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$46,051$0
Funding fee$0$0$0
Note rate6.810%6.810%7.240%
Blended rate7.360%7.734%7.480%
1st payment$3,442.90$3,442.90$3,588.09
2nd payment$0.00$455.72$0.00
Taxes / mo$89.00$89.00$89.00
Insurance / mo$166.67$166.67$166.67
MI / mo$241.80$241.80$105.30
HOA / mo$260.00$260.00$260.00
Total monthly$4,200.37$4,656.08$4,209.05
Cash to close$75,301$29,250$58,500