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$197,132$197,132$274,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$77,368$0
Funding fee$0$0$0
Note rate5.410%5.410%7.400%
Blended rate6.260%7.032%7.640%
1st payment$1,178.31$1,178.31$1,900.58
2nd payment$0.00$580.26$0.00
Taxes / mo$97.25$97.25$97.25
Insurance / mo$150.00$150.00$150.00
MI / mo$148.47$148.47$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,574.03$2,154.29$2,202.73
Cash to close$107,868$30,500$30,500