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$16,969$16,969$247,410
Remaining term (yrs)24.024.030.0
Secondary amount$0$230,441$0
Funding fee$0$0$0
Note rate7.230%7.230%7.400%
Blended rate7.780%7.752%7.640%
1st payment$124.11$124.11$1,713.02
2nd payment$0.00$1,488.27$0.00
Taxes / mo$659.83$659.83$659.83
Insurance / mo$150.00$150.00$150.00
MI / mo$8.09$8.09$49.48
HOA / mo$86.67$86.67$86.67
Total monthly$1,028.70$2,516.97$2,659.00
Cash to close$257,931$27,490$27,490