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$99,815$99,815$233,100
Remaining term (yrs)18.218.230.0
Secondary amount$0$133,285$0
Funding fee$0$0$0
Note rate4.040%4.040%7.400%
Blended rate4.890%6.668%7.640%
1st payment$643.01$643.01$1,613.94
2nd payment$0.00$888.56$0.00
Taxes / mo$91.58$91.58$91.58
Insurance / mo$150.00$150.00$150.00
MI / mo$94.94$94.94$46.62
HOA / mo$340.00$340.00$340.00
Total monthly$1,319.54$2,208.10$2,242.14
Cash to close$159,185$25,900$25,900