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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$57,107$57,107$292,140
Remaining term (yrs)27.127.130.0
Secondary amount$0$235,033$0
Funding fee$0$0$0
Note rate7.62%7.62%7.18%
Blended rate8.17%7.832%7.42%
1st payment$415.39$415.39$1,979.06
2nd payment$0.00$1,517.92$0.00
Taxes / mo$143.58$143.58$143.58
Insurance / mo$150.00$150.00$150.00
MI / mo$26.91$26.91$58.43
HOA / mo$118.67$118.67$118.67
Total monthly$854.55$2,372.47$2,449.74
Cash to close$267,493$32,460$32,460