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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$36,824$36,824$351,000
Remaining term (yrs)4.34.330.0
Secondary amount$0$314,176$0
Funding fee$0$0$0
Note rate7.11%7.11%7.18%
Blended rate7.96%7.772%7.42%
1st payment$811.62$811.62$2,377.80
2nd payment$0.00$2,029.05$0.00
Taxes / mo$150.25$150.25$150.25
Insurance / mo$150.00$150.00$150.00
MI / mo$85.46$85.46$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,197.33$3,226.38$2,748.25
Cash to close$353,176$39,000$39,000