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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$4,425$4,425$107,100
Remaining term (yrs)27.227.230.0
Secondary amount$0$102,675$0
Funding fee$0$0$0
Note rate6.84%6.84%7.18%
Blended rate7.39%7.975%7.42%
1st payment$29.85$29.85$725.53
2nd payment$0.00$684.50$0.00
Taxes / mo$8.83$8.83$8.83
Insurance / mo$150.00$150.00$150.00
MI / mo$2.07$2.07$21.42
HOA / mo$0.00$0.00$0.00
Total monthly$190.75$875.25$905.79
Cash to close$114,575$11,900$11,900