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$19,619$19,619$198,000
Remaining term (yrs)7.87.830.0
Secondary amount$0$178,381$0
Funding fee$0$0$0
Note rate6.320%6.320%7.400%
Blended rate7.170%7.918%7.640%
1st payment$263.00$263.00$1,370.91
2nd payment$0.00$1,189.21$0.00
Taxes / mo$267.00$267.00$267.00
Insurance / mo$150.00$150.00$150.00
MI / mo$30.03$30.03$39.60
HOA / mo$410.00$410.00$410.00
Total monthly$1,120.03$2,309.24$2,237.51
Cash to close$200,381$22,000$22,000