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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$32,667$32,667$328,500
Remaining term (yrs)14.114.130.0
Secondary amount$0$295,833$0
Funding fee$0$0$0
Note rate4.23%4.23%7.18%
Blended rate5.08%7.484%7.42%
1st payment$255.78$255.78$2,225.37
2nd payment$0.00$1,910.59$0.00
Taxes / mo$86.50$86.50$86.50
Insurance / mo$150.00$150.00$150.00
MI / mo$36.92$36.92$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$529.20$2,439.78$2,527.57
Cash to close$332,333$36,500$36,500