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$97,109$97,109$449,999
Remaining term (yrs)14.114.130.0
Secondary amount$0$352,890$0
Funding fee$0$0$0
Note rate4.210%4.210%7.400%
Blended rate5.060%7.170%7.640%
1st payment$756.13$756.13$3,115.70
2nd payment$0.00$2,279.08$0.00
Taxes / mo$220.34$220.34$220.34
Insurance / mo$166.67$166.67$166.67
MI / mo$109.39$109.39$90.00
HOA / mo$200.00$200.00$200.00
Total monthly$1,452.53$3,731.61$3,792.71
Cash to close$402,890$50,000$50,000