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$57,335$57,335$378,000
Remaining term (yrs)17.417.430.0
Secondary amount$0$320,665$0
Funding fee$0$0$0
Note rate4.370%4.370%7.400%
Blended rate5.220%7.366%7.640%
1st payment$389.84$389.84$2,617.20
2nd payment$0.00$2,070.96$0.00
Taxes / mo$182.25$182.25$182.25
Insurance / mo$150.00$150.00$150.00
MI / mo$55.34$55.34$75.60
HOA / mo$25.00$25.00$25.00
Total monthly$802.42$2,873.39$3,050.05
Cash to close$362,665$42,000$42,000