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$93,386$93,386$854,910
Remaining term (yrs)10.010.030.0
Secondary amount$0$761,524$0
Funding fee$0$0$0
Note rate2.180%2.180%7.400%
Blended rate3.030%7.234%7.640%
1st payment$860.42$860.42$5,919.22
2nd payment$0.00$4,918.17$0.00
Taxes / mo$991.58$991.58$991.58
Insurance / mo$216.67$216.67$216.67
MI / mo$93.50$93.50$170.98
HOA / mo$292.67$292.67$292.67
Total monthly$2,454.84$7,373.01$7,591.13
Cash to close$856,514$94,990$94,990