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$292,500
Remaining term (yrs)0.00.030.0
Secondary amount$0$292,500$0
Funding fee$0$0$0
Note rate7.470%7.470%7.400%
Blended rate8.320%7.750%7.640%
1st payment$383.44$383.44$2,025.21
2nd payment$0.00$1,889.06$0.00
Taxes / mo$88.58$88.58$88.58
Insurance / mo$150.00$150.00$150.00
MI / mo$38.96$38.96$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$660.98$2,550.04$2,322.29
Cash to close$325,000$32,500$32,500