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$11,589$11,589$332,910
Remaining term (yrs)18.418.430.0
Secondary amount$0$321,321$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%7.605%7.640%
1st payment$66.55$66.55$2,305.00
2nd payment$0.00$2,075.20$0.00
Taxes / mo$277.50$277.50$277.50
Insurance / mo$150.00$150.00$150.00
MI / mo$9.95$9.95$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$504.00$2,579.20$2,799.08
Cash to close$358,311$36,990$36,990