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$517,500
Remaining term (yrs)0.00.030.0
Secondary amount$0$517,500$0
Funding fee$0$0$0
Note rate4.5%4.5%7.18%
Blended rate5.35%7.75%7.42%
1st payment$2,286.88$2,286.88$3,505.73
2nd payment$0.00$3,342.19$0.00
Taxes / mo$500.67$500.67$500.67
Insurance / mo$166.67$166.67$166.67
MI / mo$211.75$211.75$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,165.96$6,508.15$4,276.56
Cash to close$575,000$57,500$57,500