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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$10,355$10,355$387,000
Remaining term (yrs)1.11.130.0
Secondary amount$0$376,645$0
Funding fee$0$0$0
Note rate7.34%7.34%7.18%
Blended rate8.19%7.762%7.42%
1st payment$774.02$774.02$2,621.67
2nd payment$0.00$2,432.50$0.00
Taxes / mo$117.42$117.42$117.42
Insurance / mo$150.00$150.00$150.00
MI / mo$79.66$79.66$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,121.10$3,553.60$2,966.49
Cash to close$419,645$43,000$43,000