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$275,391
Remaining term (yrs)29.429.430.0
Secondary amount$0$275,391$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$1,906.75
2nd payment$0.00$1,778.57$0.00
Taxes / mo$48.08$48.08$48.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.08
HOA / mo$0.00$0.00$0.00
Total monthly$198.08$1,976.65$2,159.91
Cash to close$305,990$30,599$30,599