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$2,165$2,165$242,910
Remaining term (yrs)38.038.030.0
Secondary amount$0$240,745$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.742%7.640%
1st payment$12.58$12.58$1,681.86
2nd payment$0.00$1,554.81$0.00
Taxes / mo$344.67$344.67$344.67
Insurance / mo$150.00$150.00$150.00
MI / mo$1.00$1.00$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$508.25$2,063.06$2,225.11
Cash to close$267,735$26,990$26,990