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$0$0$260,991
Remaining term (yrs)29.529.530.0
Secondary amount$0$260,991$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.750%7.640%
1st payment$0.00$0.00$1,807.05
2nd payment$0.00$1,685.57$0.00
Taxes / mo$47.63$47.63$47.63
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$197.63$1,883.20$2,056.88
Cash to close$289,990$28,999$28,999