Realty with JP
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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$389,784$389,784$463,500
Remaining term (yrs)29.329.330.0
Secondary amount$0$73,716$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.360%7.640%
1st payment$2,479.65$2,479.65$3,209.18
2nd payment$0.00$552.87$0.00
Taxes / mo$235.33$235.33$235.33
Insurance / mo$166.67$166.67$166.67
MI / mo$179.81$179.81$92.70
HOA / mo$70.00$70.00$70.00
Total monthly$3,131.45$3,684.33$3,773.88
Cash to close$125,216$51,500$51,500