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$11,021$11,021$269,910
Remaining term (yrs)21.421.430.0
Secondary amount$0$258,889$0
Funding fee$0$0$0
Note rate6.63%6.63%7.18%
Blended rate7.18%7.727%7.42%
1st payment$80.26$80.26$1,828.46
2nd payment$0.00$1,671.99$0.00
Taxes / mo$373.17$373.17$373.17
Insurance / mo$150.00$150.00$150.00
MI / mo$5.30$5.30$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$608.72$2,280.72$2,405.61
Cash to close$288,879$29,990$29,990