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$14,881$14,881$373,500
Remaining term (yrs)19.919.930.0
Secondary amount$0$358,619$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%7.595%7.640%
1st payment$82.68$82.68$2,586.04
2nd payment$0.00$2,316.08$0.00
Taxes / mo$136.25$136.25$136.25
Insurance / mo$150.00$150.00$150.00
MI / mo$12.32$12.32$74.70
HOA / mo$55.00$55.00$55.00
Total monthly$436.25$2,752.33$3,001.99
Cash to close$400,119$41,500$41,500