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$1,048,344$1,048,344$1,102,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$54,156$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.040%7.136%7.640%
1st payment$6,769.09$6,769.09$7,633.49
2nd payment$0.00$406.17$0.00
Taxes / mo$1,020.83$1,020.83$1,020.83
Insurance / mo$216.67$216.67$216.67
MI / mo$491.36$491.36$220.50
HOA / mo$0.00$0.00$0.00
Total monthly$8,497.95$8,904.12$9,091.49
Cash to close$176,656$122,500$122,500