Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$135,913$135,913$244,800
Remaining term (yrs)0.60.630.0
Secondary amount$0$108,887$0
Funding fee$0$0$0
Note rate5.790%5.790%7.400%
Blended rate6.340%7.078%7.640%
1st payment$15,468.14$15,468.14$1,694.95
2nd payment$0.00$725.91$0.00
Taxes / mo$101.65$101.65$101.65
Insurance / mo$150.00$150.00$150.00
MI / mo$82.47$82.47$48.96
HOA / mo$0.00$0.00$0.00
Total monthly$15,802.25$16,528.17$1,995.55
Cash to close$136,087$27,200$27,200