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
Current Market Conventional
New · Conventional
Loan amount$1,001,440$971,999
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$6,369.24$6,729.93
2nd payment$0.00$0.00
Taxes / mo$900.00$900.00
Insurance / mo$216.67$216.67
MI / mo$469.15$194.40
HOA / mo$0.00$0.00
Total monthly$7,955.05$8,040.99
Cash to close$78,559$108,000