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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$28,717$28,717$387,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$358,283$0
Funding fee$0$0$0
Note rate6.67%6.67%7.18%
Blended rate7.22%7.711%7.42%
1st payment$197.22$197.22$2,621.67
2nd payment$0.00$2,313.91$0.00
Taxes / mo$104.50$104.50$104.50
Insurance / mo$150.00$150.00$150.00
MI / mo$13.38$13.38$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$465.09$2,779.01$2,953.57
Cash to close$401,283$43,000$43,000