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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$207,217$207,217$261,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$53,783$0
Funding fee$0$0$0
Note rate6.9%6.9%7.18%
Blended rate7.75%8.008%7.42%
1st payment$1,427.36$1,427.36$1,768.10
2nd payment$0.00$403.37$0.00
Taxes / mo$80.67$80.67$80.67
Insurance / mo$150.00$150.00$150.00
MI / mo$153.51$153.51$52.20
HOA / mo$18.33$18.33$18.33
Total monthly$1,829.88$2,233.25$2,069.30
Cash to close$82,783$29,000$29,000