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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$32,807$32,807$328,500
Remaining term (yrs)14.114.130.0
Secondary amount$0$295,693$0
Funding fee$0$0$0
Note rate4.230%4.230%7.320%
Blended rate5.080%7.483%7.560%
1st payment$255.78$255.78$2,256.57
2nd payment$0.00$1,909.68$0.00
Taxes / mo$86.50$86.50$86.50
Insurance / mo$150.00$150.00$150.00
MI / mo$36.92$36.92$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$529.20$2,438.88$2,558.77
Cash to close$332,193$36,500$36,500