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$4,852$4,852$373,500
Remaining term (yrs)1.21.230.0
Secondary amount$0$368,648$0
Funding fee$0$0$0
Note rate7.170%7.170%7.400%
Blended rate8.020%7.754%7.640%
1st payment$318.85$318.85$2,586.04
2nd payment$0.00$2,380.85$0.00
Taxes / mo$345.83$345.83$345.83
Insurance / mo$150.00$150.00$150.00
MI / mo$33.37$33.37$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$848.06$3,228.92$3,156.57
Cash to close$410,148$41,500$41,500