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$91,892$91,892$348,300
Remaining term (yrs)17.517.530.0
Secondary amount$0$256,408$0
Funding fee$0$0$0
Note rate4.280%4.280%7.400%
Blended rate5.130%7.059%7.640%
1st payment$620.48$620.48$2,411.56
2nd payment$0.00$1,655.97$0.00
Taxes / mo$111.08$111.08$111.08
Insurance / mo$150.00$150.00$150.00
MI / mo$89.02$89.02$69.66
HOA / mo$0.00$0.00$0.00
Total monthly$970.59$2,626.56$2,742.30
Cash to close$295,108$38,700$38,700