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$109,639$109,639$328,500
Remaining term (yrs)12.012.030.0
Secondary amount$0$218,861$0
Funding fee$0$0$0
Note rate6.520%6.520%7.400%
Blended rate7.370%7.623%7.640%
1st payment$1,094.64$1,094.64$2,274.47
2nd payment$0.00$1,413.48$0.00
Taxes / mo$102.00$102.00$102.00
Insurance / mo$150.00$150.00$150.00
MI / mo$122.42$122.42$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,469.06$2,882.54$2,592.17
Cash to close$255,361$36,500$36,500