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$19,224$19,224$1,215,000
Remaining term (yrs)38.038.030.0
Secondary amount$0$1,195,776$0
Funding fee$0$0$0
Note rate6.560%6.560%7.400%
Blended rate7.110%7.740%7.640%
1st payment$114.52$114.52$8,412.41
2nd payment$0.00$7,722.72$0.00
Taxes / mo$1,125.00$1,125.00$1,125.00
Insurance / mo$216.67$216.67$216.67
MI / mo$8.85$8.85$243.00
HOA / mo$134.00$134.00$134.00
Total monthly$1,599.04$9,321.76$10,131.08
Cash to close$1,330,776$135,000$135,000