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$74,404$74,404$269,910
Remaining term (yrs)17.517.530.0
Secondary amount$0$195,506$0
Funding fee$0$0$0
Note rate4.430%4.430%7.400%
Blended rate5.280%7.250%7.640%
1st payment$508.23$508.23$1,868.80
2nd payment$0.00$1,303.37$0.00
Taxes / mo$148.08$148.08$148.08
Insurance / mo$150.00$150.00$150.00
MI / mo$71.64$71.64$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$877.95$2,181.33$2,220.87
Cash to close$225,496$29,990$29,990