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$274,410
Remaining term (yrs)29.229.230.0
Secondary amount$0$274,410$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$1,899.96
2nd payment$0.00$1,772.23$0.00
Taxes / mo$39.83$39.83$39.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.88
HOA / mo$0.00$0.00$0.00
Total monthly$189.83$1,962.06$2,144.67
Cash to close$304,900$30,490$30,490