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$111,162$111,162$170,100
Remaining term (yrs)27.027.030.0
Secondary amount$0$58,938$0
Funding fee$0$0$0
Note rate7.120%7.120%7.400%
Blended rate7.670%8.131%7.640%
1st payment$772.52$772.52$1,177.74
2nd payment$0.00$442.03$0.00
Taxes / mo$100.00$100.00$100.00
Insurance / mo$150.00$150.00$150.00
MI / mo$52.58$52.58$34.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,075.10$1,517.14$1,461.76
Cash to close$77,838$18,900$18,900