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$38,618$38,618$889,999
Remaining term (yrs)22.022.030.0
Secondary amount$0$851,381$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.600%7.570%7.640%
1st payment$199.92$199.92$6,162.17
2nd payment$0.00$5,498.50$0.00
Taxes / mo$410.50$410.50$410.50
Insurance / mo$216.67$216.67$216.67
MI / mo$19.22$19.22$178.00
HOA / mo$30.00$30.00$30.00
Total monthly$876.31$6,374.81$6,997.34
Cash to close$950,270$98,889$98,889