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$103,017$103,017$512,910
Remaining term (yrs)12.012.030.0
Secondary amount$0$409,893$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate7.110%7.621%7.640%
1st payment$1,009.84$1,009.84$3,551.29
2nd payment$0.00$2,647.22$0.00
Taxes / mo$214.58$214.58$214.58
Insurance / mo$166.67$166.67$166.67
MI / mo$116.05$116.05$102.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,507.14$4,154.36$4,035.12
Cash to close$466,883$56,990$56,990