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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$166,898$166,898$252,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$85,102$0
Funding fee$0$0$0
Note rate5.27%5.27%7.18%
Blended rate6.12%7.093%7.42%
1st payment$991.11$991.11$1,707.14
2nd payment$0.00$638.27$0.00
Taxes / mo$42.75$42.75$42.75
Insurance / mo$150.00$150.00$150.00
MI / mo$126.85$126.85$50.40
HOA / mo$253.00$253.00$253.00
Total monthly$1,563.70$2,201.97$2,203.29
Cash to close$113,102$28,000$28,000