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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$144,765$144,765$239,400
Remaining term (yrs)22.122.130.0
Secondary amount$0$94,635$0
Funding fee$0$0$0
Note rate4.83%4.83%7.18%
Blended rate5.68%6.992%7.42%
1st payment$887.59$887.59$1,621.78
2nd payment$0.00$709.76$0.00
Taxes / mo$53.83$53.83$53.83
Insurance / mo$150.00$150.00$150.00
MI / mo$119.42$119.42$47.88
HOA / mo$234.00$234.00$234.00
Total monthly$1,444.84$2,154.60$2,107.49
Cash to close$121,235$26,600$26,600