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$109,145$109,145$1,799,910
Remaining term (yrs)29.229.230.0
Secondary amount$0$1,690,765$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%7.691%7.640%
1st payment$675.14$675.14$12,462.21
2nd payment$0.00$10,919.53$0.00
Taxes / mo$799.33$799.33$799.33
Insurance / mo$216.67$216.67$216.67
MI / mo$50.42$50.42$359.98
HOA / mo$116.00$116.00$116.00
Total monthly$1,857.56$12,777.09$13,954.20
Cash to close$1,890,755$199,990$199,990