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$22,124$22,124$383,310
Remaining term (yrs)25.325.330.0
Secondary amount$0$361,186$0
Funding fee$0$0$0
Note rate6.15%6.15%7.18%
Blended rate6.7%7.689%7.42%
1st payment$143.59$143.59$2,596.68
2nd payment$0.00$2,332.66$0.00
Taxes / mo$170.36$170.36$170.36
Insurance / mo$150.00$150.00$150.00
MI / mo$10.67$10.67$76.66
HOA / mo$0.00$0.00$0.00
Total monthly$474.62$2,807.28$2,993.70
Cash to close$403,776$42,590$42,590