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$0$0$259,191
Remaining term (yrs)29.429.430.0
Secondary amount$0$259,191$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.750%7.640%
1st payment$0.00$0.00$1,794.59
2nd payment$0.00$1,673.94$0.00
Taxes / mo$40.75$40.75$40.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.84
HOA / mo$0.00$0.00$0.00
Total monthly$190.75$1,864.69$2,037.17
Cash to close$287,990$28,799$28,799