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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$997,055$997,055$1,161,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$163,945$0
Funding fee$0$0$0
Note rate3.18%3.18%7.18%
Blended rate4.03%4.591%7.42%
1st payment$4,953.90$4,953.90$7,865.02
2nd payment$0.00$1,092.97$0.00
Taxes / mo$438.42$438.42$438.42
Insurance / mo$216.67$216.67$216.67
MI / mo$813.45$813.45$232.20
HOA / mo$227.58$227.58$227.58
Total monthly$6,650.01$7,742.98$8,979.88
Cash to close$292,945$129,000$129,000