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$8,459$8,459$278,910
Remaining term (yrs)37.037.030.0
Secondary amount$0$270,451$0
Funding fee$0$0$0
Note rate7.18%7.18%7.18%
Blended rate7.73%7.749%7.42%
1st payment$54.44$54.44$1,889.43
2nd payment$0.00$1,746.66$0.00
Taxes / mo$322.39$322.39$322.39
Insurance / mo$150.00$150.00$150.00
MI / mo$3.93$3.93$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$530.77$2,277.43$2,417.60
Cash to close$301,441$30,990$30,990