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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$19,676$19,676$332,999
Remaining term (yrs)26.226.230.0
Secondary amount$0$313,323$0
Funding fee$0$0$0
Note rate6.84%6.84%7.18%
Blended rate7.39%7.729%7.42%
1st payment$134.47$134.47$2,255.85
2nd payment$0.00$2,023.54$0.00
Taxes / mo$94.17$94.17$94.17
Insurance / mo$150.00$150.00$150.00
MI / mo$9.21$9.21$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$387.85$2,411.39$2,566.62
Cash to close$350,323$37,000$37,000