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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$127,312$127,312$449,995
Remaining term (yrs)13.213.230.0
Secondary amount$0$322,682$0
Funding fee$0$0$0
Note rate4.75%4.75%7.18%
Blended rate5.6%7.142%7.42%
1st payment$1,075.62$1,075.62$3,048.42
2nd payment$0.00$2,083.99$0.00
Taxes / mo$186.92$186.92$186.92
Insurance / mo$166.67$166.67$166.67
MI / mo$146.06$146.06$90.00
HOA / mo$51.00$51.00$51.00
Total monthly$1,626.25$3,710.25$3,543.00
Cash to close$372,682$49,999$49,999