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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$391,247$391,247$1,440,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$1,048,753$0
Funding fee$0$0$0
Note rate6.78%6.78%7.18%
Blended rate7.33%7.636%7.42%
1st payment$2,618.48$2,618.48$9,755.06
2nd payment$0.00$6,773.20$0.00
Taxes / mo$120.58$120.58$120.58
Insurance / mo$216.67$216.67$216.67
MI / mo$184.47$184.47$288.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,140.19$9,913.39$10,380.31
Cash to close$1,208,753$160,000$160,000