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$88,904$88,904$179,999
Remaining term (yrs)21.521.530.0
Secondary amount$0$91,095$0
Funding fee$0$0$0
Note rate4.400%4.400%7.400%
Blended rate5.250%7.148%7.640%
1st payment$531.02$531.02$1,246.28
2nd payment$0.00$683.22$0.00
Taxes / mo$109.08$109.08$109.08
Insurance / mo$150.00$150.00$150.00
MI / mo$75.11$75.11$36.00
HOA / mo$293.00$293.00$293.00
Total monthly$1,158.22$1,841.43$1,834.36
Cash to close$111,095$20,000$20,000