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$9,702$9,702$196,200
Remaining term (yrs)24.024.030.0
Secondary amount$0$186,498$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.945%7.640%
1st payment$65.55$65.55$1,358.45
2nd payment$0.00$1,243.32$0.00
Taxes / mo$263.33$263.33$263.33
Insurance / mo$150.00$150.00$150.00
MI / mo$4.52$4.52$39.24
HOA / mo$292.00$292.00$292.00
Total monthly$775.40$2,018.73$2,103.02
Cash to close$208,298$21,800$21,800