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$63,093$63,093$247,500
Remaining term (yrs)14.214.230.0
Secondary amount$0$184,407$0
Funding fee$0$0$0
Note rate4.740%4.740%7.400%
Blended rate5.590%7.386%7.640%
1st payment$506.13$506.13$1,713.64
2nd payment$0.00$1,229.38$0.00
Taxes / mo$128.92$128.92$128.92
Insurance / mo$150.00$150.00$150.00
MI / mo$68.81$68.81$49.50
HOA / mo$360.00$360.00$360.00
Total monthly$1,213.85$2,443.23$2,402.06
Cash to close$211,907$27,500$27,500