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$14,015$14,015$163,710
Remaining term (yrs)24.024.030.0
Secondary amount$0$149,695$0
Funding fee$0$0$0
Note rate5.220%5.220%7.400%
Blended rate6.070%7.835%7.640%
1st payment$85.29$85.29$1,133.49
2nd payment$0.00$997.97$0.00
Taxes / mo$232.08$232.08$232.08
Insurance / mo$150.00$150.00$150.00
MI / mo$10.66$10.66$32.74
HOA / mo$180.00$180.00$180.00
Total monthly$658.04$1,656.00$1,728.32
Cash to close$167,885$18,190$18,190