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$0$0$321,291
Remaining term (yrs)——30.0
Secondary amount$0$321,291$0
Funding fee$0$0$0
Note rate0%0%7.11%
Blended rate0.85%7.75%7.35%
1st payment$0.00$0.00$2,161.35
2nd payment$0.00$2,075.00$0.00
Taxes / mo$20.50$20.50$20.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.26
HOA / mo$282.00$282.00$282.00
Total monthly$452.50$2,527.50$2,678.10
Cash to close$356,990$35,699$35,699