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$10,650$10,650$287,999
Remaining term (yrs)17.317.330.0
Secondary amount$0$277,349$0
Funding fee$0$0$0
Note rate4.190%4.190%7.400%
Blended rate5.040%7.650%7.640%
1st payment$71.88$71.88$1,994.05
2nd payment$0.00$1,791.21$0.00
Taxes / mo$47.83$47.83$47.83
Insurance / mo$150.00$150.00$150.00
MI / mo$10.42$10.42$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$280.14$2,071.35$2,249.48
Cash to close$309,349$32,000$32,000