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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$113,474$113,474$252,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$138,526$0
Funding fee$0$0$0
Note rate4.17%4.17%7.18%
Blended rate5.02%6.658%7.42%
1st payment$601.78$601.78$1,707.14
2nd payment$0.00$923.51$0.00
Taxes / mo$43.92$43.92$43.92
Insurance / mo$150.00$150.00$150.00
MI / mo$87.48$87.48$50.40
HOA / mo$265.00$265.00$265.00
Total monthly$1,148.17$2,071.68$2,216.45
Cash to close$166,526$28,000$28,000