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$189,247$189,247$864,000
Remaining term (yrs)15.215.230.0
Secondary amount$0$674,753$0
Funding fee$0$0$0
Note rate4.070%4.070%7.400%
Blended rate4.920%7.130%7.640%
1st payment$1,384.30$1,384.30$5,982.16
2nd payment$0.00$4,357.78$0.00
Taxes / mo$567.41$567.41$567.41
Insurance / mo$216.67$216.67$216.67
MI / mo$203.66$203.66$172.80
HOA / mo$125.00$125.00$125.00
Total monthly$2,497.04$6,854.82$7,064.04
Cash to close$770,753$96,000$96,000