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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$903,619$903,619$2,835,000
Remaining term (yrs)10.410.430.0
Secondary amount$0$1,931,381$0
Funding fee$0$0$0
Note rate3.51%3.51%7.18%
Blended rate4.36%6.669%7.42%
1st payment$8,584.48$8,584.48$19,205.28
2nd payment$0.00$12,473.50$0.00
Taxes / mo$1,003.00$1,003.00$1,003.00
Insurance / mo$216.67$216.67$216.67
MI / mo$850.00$850.00$567.00
HOA / mo$6.25$6.25$6.25
Total monthly$10,660.40$23,133.90$20,998.19
Cash to close$2,246,381$315,000$315,000