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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$124,420$124,420$332,100
Remaining term (yrs)20.620.630.0
Secondary amount$0$207,680$0
Funding fee$0$0$0
Note rate4.01%4.01%7.18%
Blended rate4.86%6.667%7.42%
1st payment$736.85$736.85$2,249.76
2nd payment$0.00$1,341.27$0.00
Taxes / mo$119.25$119.25$119.25
Insurance / mo$150.00$150.00$150.00
MI / mo$109.19$109.19$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,115.30$2,456.56$2,585.43
Cash to close$244,580$36,900$36,900