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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$40,491$40,491$222,750
Remaining term (yrs)13.213.230.0
Secondary amount$0$182,259$0
Funding fee$0$0$0
Note rate5.25%5.25%7.18%
Blended rate6.1%7.655%7.42%
1st payment$352.43$352.43$1,508.99
2nd payment$0.00$1,215.06$0.00
Taxes / mo$64.75$64.75$64.75
Insurance / mo$150.00$150.00$150.00
MI / mo$45.21$45.21$44.55
HOA / mo$160.00$160.00$160.00
Total monthly$772.38$1,987.44$1,928.29
Cash to close$207,009$24,750$24,750