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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$49,608$49,608$222,300
Remaining term (yrs)8.38.330.0
Secondary amount$0$172,692$0
Funding fee$0$0$0
Note rate5.25%5.25%7.18%
Blended rate6.1%7.576%7.42%
1st payment$608.71$608.71$1,505.94
2nd payment$0.00$1,151.28$0.00
Taxes / mo$29.50$29.50$29.50
Insurance / mo$150.00$150.00$150.00
MI / mo$78.08$78.08$44.46
HOA / mo$0.00$0.00$0.00
Total monthly$866.29$2,017.57$1,729.90
Cash to close$197,392$24,700$24,700