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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$8,794$8,794$256,500
Remaining term (yrs)1.41.430.0
Secondary amount$0$247,706$0
Funding fee$0$0$0
Note rate5.6%5.6%7.18%
Blended rate6.45%7.705%7.42%
1st payment$510.50$510.50$1,737.62
2nd payment$0.00$1,599.77$0.00
Taxes / mo$36.83$36.83$36.83
Insurance / mo$150.00$150.00$150.00
MI / mo$62.99$62.99$51.30
HOA / mo$70.00$70.00$70.00
Total monthly$830.32$2,430.09$2,045.75
Cash to close$276,206$28,500$28,500