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$191,306$191,306$391,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$200,194$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.491%7.640%
1st payment$1,276.36$1,276.36$2,710.67
2nd payment$0.00$1,292.92$0.00
Taxes / mo$152.42$152.42$152.42
Insurance / mo$150.00$150.00$150.00
MI / mo$90.94$90.94$78.30
HOA / mo$69.00$69.00$69.00
Total monthly$1,738.72$3,031.64$3,160.38
Cash to close$243,694$43,500$43,500