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$9,029$9,029$337,500
Remaining term (yrs)1.01.030.0
Secondary amount$0$328,471$0
Funding fee$0$0$0
Note rate7.430%7.430%7.400%
Blended rate8.280%7.764%7.640%
1st payment$675.25$675.25$2,336.78
2nd payment$0.00$2,121.38$0.00
Taxes / mo$98.33$98.33$98.33
Insurance / mo$150.00$150.00$150.00
MI / mo$68.88$68.88$67.50
HOA / mo$115.00$115.00$115.00
Total monthly$1,107.47$3,228.84$2,767.62
Cash to close$365,971$37,500$37,500