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$38,549$38,549$214,650
Remaining term (yrs)14.314.330.0
Secondary amount$0$176,101$0
Funding fee$0$0$0
Note rate4.710%4.710%7.400%
Blended rate5.560%7.562%7.640%
1st payment$307.40$307.40$1,486.19
2nd payment$0.00$1,174.00$0.00
Taxes / mo$89.92$89.92$89.92
Insurance / mo$150.00$150.00$150.00
MI / mo$41.93$41.93$42.93
HOA / mo$200.00$200.00$200.00
Total monthly$789.25$1,963.25$1,969.04
Cash to close$199,951$23,850$23,850