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$9,254$9,254$382,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$373,246$0
Funding fee$0$0$0
Note rate7.100%7.100%7.400%
Blended rate7.650%7.748%7.640%
1st payment$66.24$66.24$2,648.35
2nd payment$0.00$2,410.55$0.00
Taxes / mo$523.33$523.33$523.33
Insurance / mo$150.00$150.00$150.00
MI / mo$4.37$4.37$76.50
HOA / mo$510.00$510.00$510.00
Total monthly$1,253.94$3,664.49$3,908.18
Cash to close$415,746$42,500$42,500