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$337,500
Remaining term (yrs)0.00.030.0
Secondary amount$0$337,500$0
Funding fee$0$0$0
Note rate7.470%7.470%7.320%
Blended rate8.320%7.750%7.560%
1st payment$372.81$372.81$2,318.39
2nd payment$0.00$2,179.69$0.00
Taxes / mo$312.50$312.50$312.50
Insurance / mo$150.00$150.00$150.00
MI / mo$28.54$28.54$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$863.85$3,043.53$2,848.39
Cash to close$375,000$37,500$37,500