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$305,910
Remaining term (yrs)0.00.030.0
Secondary amount$0$305,910$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.350%7.750%7.640%
1st payment$1,165.02$1,165.02$2,118.06
2nd payment$0.00$1,975.67$0.00
Taxes / mo$138.50$138.50$138.50
Insurance / mo$150.00$150.00$150.00
MI / mo$101.00$101.00$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,554.52$3,530.19$2,467.74
Cash to close$339,900$33,990$33,990