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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$10,320$10,320$378,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$367,680$0
Funding fee$0$0$0
Note rate7.08%7.08%7.11%
Blended rate7.93%7.755%7.35%
1st payment$73.20$73.20$2,542.83
2nd payment$0.00$2,374.60$0.00
Taxes / mo$316.27$316.27$316.27
Insurance / mo$150.00$150.00$150.00
MI / mo$7.65$7.65$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$547.12$2,921.72$3,084.70
Cash to close$409,680$42,000$42,000