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$278,550
Remaining term (yrs)29.129.130.0
Secondary amount$0$278,550$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$1,928.62
2nd payment$0.00$1,798.97$0.00
Taxes / mo$27.00$27.00$27.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.71
HOA / mo$0.00$0.00$0.00
Total monthly$177.00$1,975.97$2,161.33
Cash to close$309,500$30,950$30,950