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$0$0$1,665,000
Remaining term (yrs)22.522.530.0
Secondary amount$0$1,665,000$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%7.750%7.640%
1st payment$0.00$0.00$11,528.12
2nd payment$0.00$10,753.13$0.00
Taxes / mo$1,541.67$1,541.67$1,541.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$333.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,758.33$12,511.46$13,619.46
Cash to close$1,850,000$185,000$185,000