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$205,220$205,220$233,100
Remaining term (yrs)27.027.030.0
Secondary amount$0$27,880$0
Funding fee$0$0$0
Note rate7.070%7.070%7.400%
Blended rate7.620%7.785%7.640%
1st payment$1,418.01$1,418.01$1,613.94
2nd payment$0.00$209.10$0.00
Taxes / mo$76.85$76.85$76.85
Insurance / mo$150.00$150.00$150.00
MI / mo$97.00$97.00$46.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,741.86$1,950.96$1,887.41
Cash to close$53,780$25,900$25,900