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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$18,526$18,526$314,991
Remaining term (yrs)26.526.530.0
Secondary amount$0$296,465$0
Funding fee$0$0$0
Note rate6.67%6.67%7.18%
Blended rate7.22%7.719%7.42%
1st payment$124.16$124.16$2,133.86
2nd payment$0.00$1,914.67$0.00
Taxes / mo$122.83$122.83$122.83
Insurance / mo$150.00$150.00$150.00
MI / mo$8.65$8.65$63.00
HOA / mo$167.00$167.00$167.00
Total monthly$572.64$2,487.31$2,636.69
Cash to close$331,464$34,999$34,999