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$13,580$13,580$341,910
Remaining term (yrs)27.227.230.0
Secondary amount$0$328,330$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.735%7.640%
1st payment$91.34$91.34$2,367.32
2nd payment$0.00$2,120.47$0.00
Taxes / mo$293.33$293.33$293.33
Insurance / mo$150.00$150.00$150.00
MI / mo$6.35$6.35$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$541.02$2,661.48$2,879.03
Cash to close$366,320$37,990$37,990