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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$299,998$299,998$517,500
Remaining term (yrs)28.228.230.0
Secondary amount$0$217,502$0
Funding fee$0$0$0
Note rate7.04%7.04%7.18%
Blended rate7.59%7.657%7.42%
1st payment$2,039.04$2,039.04$3,505.73
2nd payment$0.00$1,404.70$0.00
Taxes / mo$105.25$105.25$105.25
Insurance / mo$166.67$166.67$166.67
MI / mo$139.91$139.91$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,450.87$3,855.56$3,881.14
Cash to close$275,002$57,500$57,500