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$77,668$77,668$305,910
Remaining term (yrs)11.611.630.0
Secondary amount$0$228,242$0
Funding fee$0$0$0
Note rate6.070%6.070%7.400%
Blended rate6.920%7.539%7.640%
1st payment$771.76$771.76$2,118.06
2nd payment$0.00$1,474.06$0.00
Taxes / mo$192.25$192.25$192.25
Insurance / mo$150.00$150.00$150.00
MI / mo$90.50$90.50$61.18
HOA / mo$291.00$291.00$291.00
Total monthly$1,495.51$2,969.57$2,812.49
Cash to close$262,232$33,990$33,990