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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$553$553$314,100
Remaining term (yrs)0.00.030.0
Secondary amount$0$313,547$0
Funding fee$0$0$0
Note rate8.16%8.16%7.18%
Blended rate9.01%7.752%7.42%
1st payment$556.80$556.80$2,127.82
2nd payment$0.00$2,024.99$0.00
Taxes / mo$110.42$110.42$110.42
Insurance / mo$150.00$150.00$150.00
MI / mo$52.94$52.94$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$870.16$2,895.16$2,451.06
Cash to close$348,447$34,900$34,900