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$142,168$142,168$513,000
Remaining term (yrs)14.514.530.0
Secondary amount$0$370,832$0
Funding fee$0$0$0
Note rate4.840%4.840%7.400%
Blended rate5.690%7.179%7.640%
1st payment$1,129.68$1,129.68$3,551.91
2nd payment$0.00$2,394.96$0.00
Taxes / mo$297.67$297.67$297.67
Insurance / mo$166.67$166.67$166.67
MI / mo$151.81$151.81$102.60
HOA / mo$58.00$58.00$58.00
Total monthly$1,803.82$4,198.78$4,176.84
Cash to close$427,832$57,000$57,000