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$873,481$873,481$908,100
Remaining term (yrs)27.527.530.0
Secondary amount$0$34,619$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.432%7.640%
1st payment$5,862.57$5,862.57$6,287.50
2nd payment$0.00$259.64$0.00
Taxes / mo$840.83$840.83$840.83
Insurance / mo$216.67$216.67$216.67
MI / mo$411.32$411.32$181.62
HOA / mo$0.00$0.00$0.00
Total monthly$7,331.39$7,591.03$7,526.62
Cash to close$135,519$100,900$100,900