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$778,926$778,926$832,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$53,574$0
Funding fee$0$0$0
Note rate6.130%6.130%7.400%
Blended rate6.680%6.829%7.640%
1st payment$4,954.14$4,954.14$5,764.06
2nd payment$0.00$401.80$0.00
Taxes / mo$770.83$770.83$770.83
Insurance / mo$216.67$216.67$216.67
MI / mo$373.50$373.50$166.50
HOA / mo$0.00$0.00$0.00
Total monthly$6,315.15$6,716.95$6,918.06
Cash to close$146,074$92,500$92,500