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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$25,130$25,130$373,500
Remaining term (yrs)2.72.730.0
Secondary amount$0$348,370$0
Funding fee$0$0$0
Note rate6.45%6.45%7.18%
Blended rate7.3%7.72%7.42%
1st payment$810.70$810.70$2,530.22
2nd payment$0.00$2,249.89$0.00
Taxes / mo$171.67$171.67$171.67
Insurance / mo$150.00$150.00$150.00
MI / mo$91.33$91.33$74.70
HOA / mo$128.00$128.00$128.00
Total monthly$1,351.70$3,601.58$3,054.59
Cash to close$389,870$41,500$41,500