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$135,902$135,902$854,999
Remaining term (yrs)22.622.630.0
Secondary amount$0$719,097$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.655%7.640%
1st payment$962.87$962.87$5,919.84
2nd payment$0.00$4,644.17$0.00
Taxes / mo$791.67$791.67$791.67
Insurance / mo$216.67$216.67$216.67
MI / mo$65.75$65.75$171.00
HOA / mo$360.00$360.00$360.00
Total monthly$2,396.94$7,041.11$7,459.17
Cash to close$814,097$95,000$95,000