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$6,167$6,167$305,100
Remaining term (yrs)14.314.330.0
Secondary amount$0$298,933$0
Funding fee$0$0$0
Note rate7.040%7.040%7.400%
Blended rate7.590%7.747%7.640%
1st payment$56.84$56.84$2,112.45
2nd payment$0.00$1,930.61$0.00
Taxes / mo$444.50$444.50$444.50
Insurance / mo$150.00$150.00$150.00
MI / mo$3.00$3.00$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$654.33$2,584.95$2,767.97
Cash to close$332,833$33,900$33,900