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$240,300
Remaining term (yrs)26.126.130.0
Secondary amount$0$240,300$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%7.750%7.640%
1st payment$0.00$0.00$1,663.79
2nd payment$0.00$1,551.94$0.00
Taxes / mo$439.83$439.83$439.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.06
HOA / mo$0.00$0.00$0.00
Total monthly$589.83$2,141.77$2,301.68
Cash to close$267,000$26,700$26,700