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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$565,969$565,969$1,079,820
Remaining term (yrs)29.629.630.0
Secondary amount$0$513,851$0
Funding fee$0$0$0
Note rate6.520%6.520%7.400%
Blended rate7.070%7.394%7.640%
1st payment$3,594.52$3,594.52$7,476.46
2nd payment$0.00$3,318.62$0.00
Taxes / mo$190.92$190.92$190.92
Insurance / mo$216.67$216.67$216.67
MI / mo$260.11$260.11$215.96
HOA / mo$0.00$0.00$0.00
Total monthly$4,262.21$7,580.83$8,100.00
Cash to close$633,831$119,980$119,980