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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$69,210$69,210$373,500
Remaining term (yrs)14.714.730.0
Secondary amount$0$304,290$0
Funding fee$0$0$0
Note rate4.51%4.51%7.18%
Blended rate5.36%7.307%7.42%
1st payment$533.97$533.97$2,530.22
2nd payment$0.00$1,965.21$0.00
Taxes / mo$91.83$91.83$91.83
Insurance / mo$150.00$150.00$150.00
MI / mo$74.56$74.56$74.70
HOA / mo$45.67$45.67$45.67
Total monthly$896.04$2,861.24$2,892.42
Cash to close$345,790$41,500$41,500