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$76,479$76,479$315,000
Remaining term (yrs)7.97.930.0
Secondary amount$0$238,521$0
Funding fee$0$0$0
Note rate6.000%6.000%7.400%
Blended rate6.850%7.531%7.640%
1st payment$1,005.04$1,005.04$2,181.00
2nd payment$0.00$1,540.45$0.00
Taxes / mo$75.17$75.17$75.17
Insurance / mo$150.00$150.00$150.00
MI / mo$118.74$118.74$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,348.94$2,889.40$2,469.16
Cash to close$273,521$35,000$35,000