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$136,916$136,916$505,800
Remaining term (yrs)14.114.130.0
Secondary amount$0$368,884$0
Funding fee$0$0$0
Note rate4.350%4.350%7.400%
Blended rate5.200%7.060%7.640%
1st payment$1,075.72$1,075.72$3,502.06
2nd payment$0.00$2,382.37$0.00
Taxes / mo$194.67$194.67$194.67
Insurance / mo$166.67$166.67$166.67
MI / mo$153.06$153.06$101.16
HOA / mo$334.00$334.00$334.00
Total monthly$1,924.12$4,306.49$4,298.55
Cash to close$425,084$56,200$56,200