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$836,822$836,822$855,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$65,678$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%5.129%7.640%
1st payment$4,226.84$4,226.84$5,919.85
2nd payment$0.00$649.94$0.00
Taxes / mo$791.67$791.67$791.67
Insurance / mo$216.67$216.67$216.67
MI / mo$646.49$646.49$171.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,881.67$6,531.61$7,099.18
Cash to close$113,178$47,500$95,000