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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$63,511$63,511$296,910
Remaining term (yrs)28.728.730.0
Secondary amount$0$233,399$0
Funding fee$0$0$0
Note rate6.81%6.81%7.18%
Blended rate7.36%7.667%7.42%
1st payment$419.66$419.66$2,011.37
2nd payment$0.00$1,507.37$0.00
Taxes / mo$76.58$76.58$76.58
Insurance / mo$150.00$150.00$150.00
MI / mo$29.47$29.47$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$675.71$2,183.08$2,297.34
Cash to close$266,389$32,990$32,990