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$11,972$11,972$340,200
Remaining term (yrs)1.51.530.0
Secondary amount$0$328,228$0
Funding fee$0$0$0
Note rate2.790%2.790%7.400%
Blended rate3.640%7.605%7.640%
1st payment$644.87$644.87$2,355.48
2nd payment$0.00$2,119.80$0.00
Taxes / mo$92.33$92.33$92.33
Insurance / mo$150.00$150.00$150.00
MI / mo$67.12$67.12$68.04
HOA / mo$0.00$0.00$0.00
Total monthly$954.32$3,074.13$2,665.85
Cash to close$366,028$37,800$37,800