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$15,465$15,465$359,991
Remaining term (yrs)22.422.430.0
Secondary amount$0$344,526$0
Funding fee$0$0$0
Note rate6.89%6.89%7.18%
Blended rate7.44%7.737%7.42%
1st payment$112.85$112.85$2,438.70
2nd payment$0.00$2,225.06$0.00
Taxes / mo$405.50$405.50$405.50
Insurance / mo$150.00$150.00$150.00
MI / mo$7.28$7.28$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$675.62$2,900.69$3,066.20
Cash to close$384,525$39,999$39,999