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$0$0$566,991
Remaining term (yrs)28.728.730.0
Secondary amount$0$566,991$0
Funding fee$0$0$0
Note rate5.25%5.25%7.11%
Blended rate5.8%7.75%7.35%
1st payment$0.00$0.00$3,814.18
2nd payment$0.00$3,661.82$0.00
Taxes / mo$535.49$535.49$535.49
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.40
HOA / mo$82.00$82.00$82.00
Total monthly$784.16$4,445.98$4,711.74
Cash to close$629,990$62,999$62,999