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$272,610
Remaining term (yrs)29.129.130.0
Secondary amount$0$272,610$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$1,887.50
2nd payment$0.00$1,760.61$0.00
Taxes / mo$38.75$38.75$38.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.52
HOA / mo$0.00$0.00$0.00
Total monthly$188.75$1,949.36$2,130.77
Cash to close$302,900$30,290$30,290