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$32,780$32,780$179,991
Remaining term (yrs)27.927.930.0
Secondary amount$0$147,211$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.898%7.640%
1st payment$220.41$220.41$1,246.22
2nd payment$0.00$981.41$0.00
Taxes / mo$125.50$125.50$125.50
Insurance / mo$150.00$150.00$150.00
MI / mo$15.35$15.35$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$511.26$1,492.67$1,557.72
Cash to close$167,210$19,999$19,999