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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$80,357$80,357$242,910
Remaining term (yrs)12.612.630.0
Secondary amount$0$162,553$0
Funding fee$0$0$0
Note rate4.82%4.82%7.18%
Blended rate5.67%7.229%7.42%
1st payment$707.40$707.40$1,645.56
2nd payment$0.00$1,083.69$0.00
Taxes / mo$83.25$83.25$83.25
Insurance / mo$150.00$150.00$150.00
MI / mo$95.28$95.28$48.58
HOA / mo$216.00$216.00$216.00
Total monthly$1,251.93$2,335.62$2,143.39
Cash to close$189,543$26,990$26,990