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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$349,094$349,094$1,035,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$685,906$0
Funding fee$0$0$0
Note rate4%4%7.18%
Blended rate4.85%6.772%7.42%
1st payment$1,821.64$1,821.64$7,011.45
2nd payment$0.00$4,429.81$0.00
Taxes / mo$188.67$188.67$188.67
Insurance / mo$216.67$216.67$216.67
MI / mo$270.27$270.27$207.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,497.24$6,927.05$7,623.78
Cash to close$800,906$115,000$115,000