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$828,895$828,895$922,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$93,605$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%6.439%7.640%
1st payment$4,907.22$4,907.22$6,387.20
2nd payment$0.00$702.03$0.00
Taxes / mo$854.17$854.17$854.17
Insurance / mo$216.67$216.67$216.67
MI / mo$625.95$625.95$184.50
HOA / mo$0.00$0.00$0.00
Total monthly$6,604.00$7,306.04$7,642.54
Cash to close$196,105$102,500$102,500