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$5,047$5,047$314,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$309,952$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.742%7.640%
1st payment$34.62$34.62$2,180.99
2nd payment$0.00$2,001.77$0.00
Taxes / mo$155.75$155.75$155.75
Insurance / mo$150.00$150.00$150.00
MI / mo$2.35$2.35$63.00
HOA / mo$65.00$65.00$65.00
Total monthly$407.71$2,409.49$2,614.74
Cash to close$344,952$35,000$35,000