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$19,975$19,975$234,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$214,025$0
Funding fee$0$0$0
Note rate5.270%5.270%7.400%
Blended rate6.120%7.611%7.640%
1st payment$122.15$122.15$1,620.17
2nd payment$0.00$1,382.25$0.00
Taxes / mo$534.33$534.33$534.33
Insurance / mo$150.00$150.00$150.00
MI / mo$15.18$15.18$46.80
HOA / mo$8.33$8.33$8.33
Total monthly$830.00$2,212.24$2,359.63
Cash to close$240,025$26,000$26,000