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$313,191
Remaining term (yrs)——30.0
Secondary amount$0$313,191$0
Funding fee$0$0$0
Note rate4.875%4.875%7.400%
Blended rate5.725%7.750%7.640%
1st payment$0.00$0.00$2,168.47
2nd payment$0.00$2,022.69$0.00
Taxes / mo$8.92$8.92$8.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.64
HOA / mo$269.00$269.00$269.00
Total monthly$427.92$2,450.61$2,659.03
Cash to close$347,990$34,799$34,799