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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$29,375$29,375$297,000
Remaining term (yrs)5.05.030.0
Secondary amount$0$267,625$0
Funding fee$0$0$0
Note rate6.58%6.58%7.18%
Blended rate7.43%7.718%7.42%
1st payment$567.89$567.89$2,011.98
2nd payment$0.00$1,728.41$0.00
Taxes / mo$57.42$57.42$57.42
Insurance / mo$150.00$150.00$150.00
MI / mo$63.11$63.11$59.40
HOA / mo$247.00$247.00$247.00
Total monthly$1,085.42$2,813.83$2,525.80
Cash to close$300,625$33,000$33,000