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$866,175$866,175$890,100
Remaining term (yrs)29.729.730.0
Secondary amount$0$73,375$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.427%7.640%
1st payment$5,484.76$5,484.76$6,162.87
2nd payment$0.00$726.11$0.00
Taxes / mo$824.17$824.17$824.17
Insurance / mo$216.67$216.67$216.67
MI / mo$397.72$397.72$178.02
HOA / mo$0.00$0.00$0.00
Total monthly$6,923.31$7,649.42$7,381.73
Cash to close$122,825$49,450$98,900