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$112,693$112,693$342,000
Remaining term (yrs)13.613.630.0
Secondary amount$0$229,307$0
Funding fee$0$0$0
Note rate5.060%5.060%7.400%
Blended rate5.910%7.144%7.640%
1st payment$949.29$949.29$2,367.94
2nd payment$0.00$1,480.94$0.00
Taxes / mo$294.75$294.75$294.75
Insurance / mo$150.00$150.00$150.00
MI / mo$124.41$124.41$68.40
HOA / mo$125.00$125.00$125.00
Total monthly$1,643.45$3,124.39$3,006.09
Cash to close$267,307$38,000$38,000