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$46,677$46,677$1,507,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$1,460,823$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%7.653%7.640%
1st payment$236.48$236.48$10,437.63
2nd payment$0.00$9,434.48$0.00
Taxes / mo$1,395.83$1,395.83$1,395.83
Insurance / mo$216.67$216.67$216.67
MI / mo$36.13$36.13$301.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,885.10$11,319.59$12,351.63
Cash to close$1,628,323$167,500$167,500