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$155,238$155,238$387,000
Remaining term (yrs)17.617.630.0
Secondary amount$0$231,762$0
Funding fee$0$0$0
Note rate4.380%4.380%7.400%
Blended rate5.230%6.739%7.640%
1st payment$1,049.73$1,049.73$2,679.51
2nd payment$0.00$1,496.80$0.00
Taxes / mo$211.00$211.00$211.00
Insurance / mo$150.00$150.00$150.00
MI / mo$148.84$148.84$77.40
HOA / mo$70.00$70.00$70.00
Total monthly$1,629.57$3,126.37$3,187.91
Cash to close$274,762$43,000$43,000