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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$3,776$3,776$310,500
Remaining term (yrs)0.60.630.0
Secondary amount$0$306,724$0
Funding fee$0$0$0
Note rate8.15%8.15%7.18%
Blended rate9%7.765%7.42%
1st payment$433.90$433.90$2,103.44
2nd payment$0.00$1,980.93$0.00
Taxes / mo$51.08$51.08$51.08
Insurance / mo$150.00$150.00$150.00
MI / mo$41.30$41.30$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$676.28$2,657.20$2,366.62
Cash to close$341,224$34,500$34,500