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$18,547$18,547$319,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$300,953$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.719%7.640%
1st payment$124.16$124.16$2,212.15
2nd payment$0.00$1,943.65$0.00
Taxes / mo$122.83$122.83$122.83
Insurance / mo$150.00$150.00$150.00
MI / mo$8.65$8.65$63.90
HOA / mo$167.00$167.00$167.00
Total monthly$572.64$2,516.30$2,715.89
Cash to close$336,453$35,500$35,500