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$310,337$310,337$369,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$58,663$0
Funding fee$0$0$0
Note rate6.420%6.420%7.400%
Blended rate6.970%7.293%7.640%
1st payment$2,032.88$2,032.88$2,554.88
2nd payment$0.00$439.98$0.00
Taxes / mo$223.51$223.51$223.51
Insurance / mo$150.00$150.00$150.00
MI / mo$148.65$148.65$73.80
HOA / mo$105.00$105.00$105.00
Total monthly$2,660.03$3,100.01$3,107.19
Cash to close$99,663$41,000$41,000