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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$47,639$47,639$341,100
Remaining term (yrs)14.714.730.0
Secondary amount$0$293,461$0
Funding fee$0$0$0
Note rate4.6%4.6%7.18%
Blended rate5.45%7.429%7.42%
1st payment$369.74$369.74$2,310.73
2nd payment$0.00$1,895.27$0.00
Taxes / mo$120.67$120.67$120.67
Insurance / mo$150.00$150.00$150.00
MI / mo$51.09$51.09$68.22
HOA / mo$17.33$17.33$17.33
Total monthly$708.82$2,604.09$2,666.95
Cash to close$331,361$37,900$37,900