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$442$442$620,100
Remaining term (yrs)37.237.230.0
Secondary amount$0$619,658$0
Funding fee$0$0$0
Note rate7.760%7.760%7.320%
Blended rate8.310%7.750%7.560%
1st payment$3.03$3.03$4,259.66
2nd payment$0.00$4,001.96$0.00
Taxes / mo$632.17$632.17$632.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.20$0.20$124.02
HOA / mo$75.00$75.00$75.00
Total monthly$877.07$4,879.02$5,257.51
Cash to close$688,558$68,900$68,900