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$8,646$8,646$337,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$328,854$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.737%7.640%
1st payment$59.52$59.52$2,336.78
2nd payment$0.00$2,123.85$0.00
Taxes / mo$159.72$159.72$159.72
Insurance / mo$150.00$150.00$150.00
MI / mo$4.13$4.13$67.50
HOA / mo$60.00$60.00$60.00
Total monthly$433.36$2,557.21$2,774.00
Cash to close$366,354$37,500$37,500