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$32,067$32,067$225,000
Remaining term (yrs)6.66.630.0
Secondary amount$0$192,933$0
Funding fee$0$0$0
Note rate5.880%5.880%7.400%
Blended rate6.730%7.819%7.640%
1st payment$480.59$480.59$1,557.85
2nd payment$0.00$1,286.22$0.00
Taxes / mo$128.17$128.17$128.17
Insurance / mo$150.00$150.00$150.00
MI / mo$57.52$57.52$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$816.27$2,102.49$1,881.02
Cash to close$217,933$25,000$25,000