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$31,435$31,435$283,500
Remaining term (yrs)4.04.030.0
Secondary amount$0$252,065$0
Funding fee$0$0$0
Note rate7.880%7.880%7.400%
Blended rate8.730%7.859%7.640%
1st payment$752.36$752.36$1,962.90
2nd payment$0.00$1,627.92$0.00
Taxes / mo$58.42$58.42$58.42
Insurance / mo$150.00$150.00$150.00
MI / mo$73.46$73.46$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,034.24$2,662.16$2,228.01
Cash to close$283,565$31,500$31,500