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$3,548$3,548$242,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$239,362$0
Funding fee$0$0$0
Note rate6.610%6.610%7.400%
Blended rate7.160%7.741%7.640%
1st payment$24.40$24.40$1,681.86
2nd payment$0.00$1,545.88$0.00
Taxes / mo$103.00$103.00$103.00
Insurance / mo$150.00$150.00$150.00
MI / mo$1.69$1.69$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$279.08$1,824.96$1,983.44
Cash to close$266,352$26,990$26,990