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$1,054,493$1,054,493$3,375,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$2,320,507$0
Funding fee$0$0$0
Note rate2.760%2.760%7.400%
Blended rate3.610%6.456%7.640%
1st payment$4,858.65$4,858.65$23,367.82
2nd payment$0.00$14,986.61$0.00
Taxes / mo$711.33$711.33$711.33
Insurance / mo$216.67$216.67$216.67
MI / mo$841.93$841.93$675.00
HOA / mo$0.00$0.00$0.00
Total monthly$6,628.57$21,615.18$24,970.81
Cash to close$2,695,507$375,000$375,000