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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$62,943$62,943$301,410
Remaining term (yrs)16.916.930.0
Secondary amount$0$238,467$0
Funding fee$0$0$0
Note rate4.46%4.46%7.18%
Blended rate5.31%7.24%7.42%
1st payment$440.70$440.70$2,041.86
2nd payment$0.00$1,540.10$0.00
Taxes / mo$79.08$79.08$79.08
Insurance / mo$150.00$150.00$150.00
MI / mo$61.90$61.90$60.28
HOA / mo$0.00$0.00$0.00
Total monthly$731.69$2,271.78$2,331.22
Cash to close$271,957$33,490$33,490