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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$15,674$15,674$346,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$330,826$0
Funding fee$0$0$0
Note rate6.49%6.49%7.18%
Blended rate7.04%7.718%7.42%
1st payment$104.12$104.12$2,347.31
2nd payment$0.00$2,136.59$0.00
Taxes / mo$183.58$183.58$183.58
Insurance / mo$150.00$150.00$150.00
MI / mo$7.38$7.38$69.30
HOA / mo$38.00$38.00$38.00
Total monthly$483.08$2,619.67$2,788.20
Cash to close$369,326$38,500$38,500