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$280,791
Remaining term (yrs)29.629.630.0
Secondary amount$0$280,791$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$1,944.14
2nd payment$0.00$1,813.44$0.00
Taxes / mo$35.25$35.25$35.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.16
HOA / mo$0.00$0.00$0.00
Total monthly$185.25$1,998.69$2,185.55
Cash to close$311,990$31,199$31,199