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$286,200
Remaining term (yrs)——30.0
Secondary amount$0$286,200$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%7.750%7.640%
1st payment$0.00$0.00$1,981.59
2nd payment$0.00$1,848.38$0.00
Taxes / mo$332.67$332.67$332.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.24
HOA / mo$0.00$0.00$0.00
Total monthly$482.67$2,331.04$2,521.50
Cash to close$318,000$31,800$31,800