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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$25,212$25,212$288,000
Remaining term (yrs)13.513.530.0
Secondary amount$0$262,788$0
Funding fee$0$0$0
Note rate5.5%5.5%7.18%
Blended rate6.35%7.627%7.42%
1st payment$219.92$219.92$1,951.01
2nd payment$0.00$1,697.17$0.00
Taxes / mo$116.25$116.25$116.25
Insurance / mo$150.00$150.00$150.00
MI / mo$27.44$27.44$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$513.61$2,210.78$2,274.86
Cash to close$294,788$32,000$32,000