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$9,120$9,120$211,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$202,290$0
Funding fee$0$0$0
Note rate7.230%7.230%7.400%
Blended rate7.780%7.751%7.640%
1st payment$65.72$65.72$1,463.76
2nd payment$0.00$1,306.46$0.00
Taxes / mo$164.25$164.25$164.25
Insurance / mo$150.00$150.00$150.00
MI / mo$4.34$4.34$42.28
HOA / mo$94.00$94.00$94.00
Total monthly$478.31$1,784.77$1,914.29
Cash to close$225,780$23,490$23,490