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$166,438$166,438$855,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$688,562$0
Funding fee$0$0$0
Note rate7.290%7.290%7.400%
Blended rate7.840%7.768%7.640%
1st payment$1,171.85$1,171.85$5,919.85
2nd payment$0.00$4,446.96$0.00
Taxes / mo$552.83$552.83$552.83
Insurance / mo$216.67$216.67$216.67
MI / mo$78.42$78.42$171.00
HOA / mo$170.00$170.00$170.00
Total monthly$2,189.77$6,636.73$7,030.35
Cash to close$783,562$95,000$95,000