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$14,261$14,261$332,100
Remaining term (yrs)22.522.530.0
Secondary amount$0$317,839$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.726%7.640%
1st payment$101.46$101.46$2,299.39
2nd payment$0.00$2,052.71$0.00
Taxes / mo$392.00$392.00$392.00
Insurance / mo$150.00$150.00$150.00
MI / mo$6.69$6.69$66.42
HOA / mo$407.00$407.00$407.00
Total monthly$1,057.15$3,109.87$3,314.81
Cash to close$354,739$36,900$36,900