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$5,321$5,321$337,500
Remaining term (yrs)37.637.630.0
Secondary amount$0$332,179$0
Funding fee$0$0$0
Note rate7.17%7.17%7.11%
Blended rate7.72%7.75%7.35%
1st payment$34.09$34.09$2,270.38
2nd payment$0.00$2,145.32$0.00
Taxes / mo$639.67$639.67$639.67
Insurance / mo$150.00$150.00$150.00
MI / mo$2.46$2.46$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$826.22$2,971.54$3,127.55
Cash to close$369,679$37,500$37,500