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$4,547$4,547$314,910
Remaining term (yrs)37.937.930.0
Secondary amount$0$310,363$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.744%7.640%
1st payment$27.79$27.79$2,180.37
2nd payment$0.00$2,004.43$0.00
Taxes / mo$233.80$233.80$233.80
Insurance / mo$150.00$150.00$150.00
MI / mo$2.11$2.11$62.98
HOA / mo$38.67$38.67$38.67
Total monthly$452.37$2,456.80$2,665.83
Cash to close$345,353$34,990$34,990