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$786,468$786,468$899,740
Remaining term (yrs)27.727.730.0
Secondary amount$0$113,272$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%7.554%7.640%
1st payment$5,324.26$5,324.26$6,229.62
2nd payment$0.00$755.14$0.00
Taxes / mo$833.09$833.09$833.09
Insurance / mo$216.67$216.67$216.67
MI / mo$369.03$369.03$179.95
HOA / mo$0.00$0.00$0.00
Total monthly$6,743.04$7,498.19$7,459.32
Cash to close$213,243$99,971$99,971