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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$156,630$156,630$485,910
Remaining term (yrs)11.611.630.0
Secondary amount$0$329,280$0
Funding fee$0$0$0
Note rate5.88%5.88%7.18%
Blended rate6.73%7.421%7.42%
1st payment$1,548.70$1,548.70$3,291.72
2nd payment$0.00$2,126.60$0.00
Taxes / mo$205.58$205.58$205.58
Insurance / mo$166.67$166.67$166.67
MI / mo$185.35$185.35$97.18
HOA / mo$105.00$105.00$105.00
Total monthly$2,211.29$4,337.89$3,866.16
Cash to close$383,270$53,990$53,990