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$23,957$23,957$810,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$786,043$0
Funding fee$0$0$0
Note rate7.170%7.170%7.400%
Blended rate7.720%7.749%7.640%
1st payment$170.14$170.14$5,608.28
2nd payment$0.00$5,076.53$0.00
Taxes / mo$750.00$750.00$750.00
Insurance / mo$216.67$216.67$216.67
MI / mo$11.29$11.29$162.00
HOA / mo$506.00$506.00$506.00
Total monthly$1,654.10$6,730.63$7,242.94
Cash to close$876,043$90,000$90,000