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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$11,008$11,008$384,300
Remaining term (yrs)25.225.230.0
Secondary amount$0$373,292$0
Funding fee$0$0$0
Note rate7.03%7.03%7.18%
Blended rate7.58%7.745%7.42%
1st payment$77.64$77.64$2,603.38
2nd payment$0.00$2,410.84$0.00
Taxes / mo$196.42$196.42$196.42
Insurance / mo$150.00$150.00$150.00
MI / mo$5.22$5.22$76.86
HOA / mo$81.00$81.00$81.00
Total monthly$510.28$2,921.12$3,107.66
Cash to close$415,992$42,700$42,700