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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$51,051$51,051$314,998
Remaining term (yrs)12.512.530.0
Secondary amount$0$263,947$0
Funding fee$0$0$0
Note rate4.91%4.91%7.18%
Blended rate5.76%7.427%7.42%
1st payment$453.89$453.89$2,133.91
2nd payment$0.00$1,704.66$0.00
Taxes / mo$112.33$112.33$112.33
Insurance / mo$150.00$150.00$150.00
MI / mo$60.51$60.51$63.00
HOA / mo$50.00$50.00$50.00
Total monthly$826.73$2,531.39$2,509.24
Cash to close$298,947$35,000$35,000