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$47,526$47,526$305,999
Remaining term (yrs)13.913.930.0
Secondary amount$0$258,473$0
Funding fee$0$0$0
Note rate4.350%4.350%7.400%
Blended rate5.200%7.354%7.640%
1st payment$378.22$378.22$2,118.68
2nd payment$0.00$1,669.31$0.00
Taxes / mo$87.33$87.33$87.33
Insurance / mo$150.00$150.00$150.00
MI / mo$53.82$53.82$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$669.37$2,338.67$2,417.21
Cash to close$292,473$34,000$34,000