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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$286,501$286,501$1,327,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$1,040,999$0
Funding fee$0$0$0
Note rate5.22%5.22%7.18%
Blended rate6.07%7.387%7.42%
1st payment$1,679.93$1,679.93$8,992.95
2nd payment$0.00$6,723.12$0.00
Taxes / mo$489.50$489.50$489.50
Insurance / mo$216.67$216.67$216.67
MI / mo$216.22$216.22$265.50
HOA / mo$89.00$89.00$89.00
Total monthly$2,691.32$9,414.44$10,053.61
Cash to close$1,188,499$147,500$147,500