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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$11,576$11,576$333,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$321,424$0
Funding fee$0$0$0
Note rate6.84%6.84%7.18%
Blended rate7.39%7.737%7.42%
1st payment$80.74$80.74$2,255.86
2nd payment$0.00$2,075.87$0.00
Taxes / mo$67.75$67.75$67.75
Insurance / mo$150.00$150.00$150.00
MI / mo$5.39$5.39$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$303.88$2,379.74$2,540.21
Cash to close$358,424$37,000$37,000