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$11,683$11,683$341,100
Remaining term (yrs)20.420.430.0
Secondary amount$0$329,417$0
Funding fee$0$0$0
Note rate6.150%6.150%7.400%
Blended rate6.700%7.714%7.640%
1st payment$83.66$83.66$2,361.71
2nd payment$0.00$2,127.49$0.00
Taxes / mo$315.83$315.83$315.83
Insurance / mo$150.00$150.00$150.00
MI / mo$5.42$5.42$68.22
HOA / mo$0.00$0.00$0.00
Total monthly$554.92$2,682.40$2,895.76
Cash to close$367,317$37,900$37,900