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
Current Market Conventional
New · Conventional
Loan amount$2,166,917$2,025,000
Remaining term (yrs)23.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.210%7.400%
Blended rate4.060%7.640%
1st payment$10,825.35$14,020.69
2nd payment$0.00$0.00
Taxes / mo$1,875.00$1,875.00
Insurance / mo$216.67$216.67
MI / mo$1,770.83$405.00
HOA / mo$0.00$0.00
Total monthly$14,687.85$16,517.36
Cash to close$83,083$225,000