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$310,500
Remaining term (yrs)0.00.030.0
Secondary amount$0$310,500$0
Funding fee$0$0$0
Note rate7.880%7.880%7.400%
Blended rate8.730%7.750%7.640%
1st payment$314.95$314.95$2,149.84
2nd payment$0.00$2,005.31$0.00
Taxes / mo$149.08$149.08$149.08
Insurance / mo$150.00$150.00$150.00
MI / mo$30.75$30.75$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$644.79$2,650.10$2,511.02
Cash to close$345,000$34,500$34,500