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$24,803$24,803$405,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$380,197$0
Funding fee$0$0$0
Note rate6.570%6.570%7.400%
Blended rate7.120%7.711%7.640%
1st payment$166.22$166.22$2,804.14
2nd payment$0.00$2,455.44$0.00
Taxes / mo$338.75$338.75$338.75
Insurance / mo$150.00$150.00$150.00
MI / mo$11.83$11.83$81.00
HOA / mo$24.00$24.00$24.00
Total monthly$690.80$3,146.24$3,397.89
Cash to close$425,197$45,000$45,000