Realty with JP
Call Jerry

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$425,722$425,722$495,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$69,278$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.550%1.733%7.640%
1st payment$1,182.56$1,182.56$3,427.28
2nd payment$0.00$519.59$0.00
Taxes / mo$91.50$91.50$91.50
Insurance / mo$166.67$166.67$166.67
MI / mo$195.12$195.12$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,635.85$2,155.44$3,784.45
Cash to close$124,278$55,000$55,000