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$537,800$537,800$539,999
Remaining term (yrs)29.429.430.0
Secondary amount$0$32,199$0
Funding fee$0$0$0
Note rate6.160%6.160%7.400%
Blended rate6.710%7.002%7.640%
1st payment$3,299.27$3,299.27$3,738.84
2nd payment$0.00$318.64$0.00
Taxes / mo$54.83$54.83$54.83
Insurance / mo$166.67$166.67$166.67
MI / mo$247.95$247.95$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,768.72$4,087.35$4,068.34
Cash to close$62,199$30,000$60,000