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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$13,508$13,508$312,300
Remaining term (yrs)26.926.930.0
Secondary amount$0$298,792$0
Funding fee$0$0$0
Note rate6.49%6.49%7.18%
Blended rate7.04%7.719%7.42%
1st payment$88.47$88.47$2,115.63
2nd payment$0.00$1,929.70$0.00
Taxes / mo$112.58$112.58$112.58
Insurance / mo$150.00$150.00$150.00
MI / mo$6.35$6.35$62.46
HOA / mo$0.00$0.00$0.00
Total monthly$357.40$2,287.10$2,440.67
Cash to close$333,492$34,700$34,700