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$319,410
Remaining term (yrs)28.528.530.0
Secondary amount$0$319,410$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.750%7.640%
1st payment$0.00$0.00$2,211.53
2nd payment$0.00$2,062.86$0.00
Taxes / mo$26.83$26.83$26.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.88
HOA / mo$0.00$0.00$0.00
Total monthly$176.83$2,239.69$2,452.25
Cash to close$354,900$35,490$35,490