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$159,240$159,240$328,500
Remaining term (yrs)21.621.630.0
Secondary amount$0$169,260$0
Funding fee$0$0$0
Note rate4.400%4.400%7.400%
Blended rate5.250%6.667%7.640%
1st payment$948.96$948.96$2,274.47
2nd payment$0.00$1,128.40$0.00
Taxes / mo$250.08$250.08$250.08
Insurance / mo$150.00$150.00$150.00
MI / mo$134.23$134.23$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,483.28$2,611.68$2,740.25
Cash to close$205,760$36,500$36,500