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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$8,642$8,642$314,910
Remaining term (yrs)1.21.230.0
Secondary amount$0$306,268$0
Funding fee$0$0$0
Note rate7.07%7.07%7.18%
Blended rate7.92%7.755%7.42%
1st payment$567.59$567.59$2,133.31
2nd payment$0.00$1,977.98$0.00
Taxes / mo$56.92$56.92$56.92
Insurance / mo$150.00$150.00$150.00
MI / mo$60.01$60.01$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$834.51$2,812.49$2,403.21
Cash to close$341,258$34,990$34,990