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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$478,172$478,172$5,035,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$4,557,328$0
Funding fee$0$0$0
Note rate5.88%5.88%7.18%
Blended rate6.43%7.625%7.42%
1st payment$2,959.29$2,959.29$34,112.23
2nd payment$0.00$29,432.74$0.00
Taxes / mo$641.17$641.17$641.17
Insurance / mo$216.67$216.67$216.67
MI / mo$229.17$229.17$1,007.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,046.29$33,479.03$35,977.16
Cash to close$5,116,828$559,500$559,500