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$27,140$27,140$402,300
Remaining term (yrs)24.924.930.0
Secondary amount$0$375,160$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.733%7.640%
1st payment$190.96$190.96$2,785.44
2nd payment$0.00$2,422.91$0.00
Taxes / mo$372.50$372.50$372.50
Insurance / mo$150.00$150.00$150.00
MI / mo$12.79$12.79$80.46
HOA / mo$380.00$380.00$380.00
Total monthly$1,106.24$3,529.15$3,768.40
Cash to close$419,860$44,700$44,700