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$24,558$24,558$873,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$848,442$0
Funding fee$0$0$0
Note rate7.630%7.630%7.400%
Blended rate8.180%7.762%7.640%
1st payment$180.50$180.50$6,044.48
2nd payment$0.00$5,479.52$0.00
Taxes / mo$579.83$579.83$579.83
Insurance / mo$216.67$216.67$216.67
MI / mo$11.58$11.58$174.60
HOA / mo$0.00$0.00$0.00
Total monthly$988.58$6,468.11$7,015.58
Cash to close$945,442$97,000$97,000