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$289,803$289,803$576,000
Remaining term (yrs)28.228.230.0
Secondary amount$0$286,197$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.569%7.640%
1st payment$1,931.54$1,931.54$3,988.11
2nd payment$0.00$1,848.36$0.00
Taxes / mo$533.33$533.33$533.33
Insurance / mo$166.67$166.67$166.67
MI / mo$135.24$135.24$115.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,766.78$4,615.14$4,803.31
Cash to close$350,197$64,000$64,000