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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$52,192$52,192$133,999
Remaining term (yrs)24.824.830.0
Secondary amount$0$81,807$0
Funding fee$0$0$0
Note rate2.93%2.93%7.18%
Blended rate3.78%6.967%7.42%
1st payment$246.16$246.16$907.76
2nd payment$0.00$613.56$0.00
Taxes / mo$50.58$50.58$50.58
Insurance / mo$150.00$150.00$150.00
MI / mo$41.73$41.73$26.80
HOA / mo$0.00$0.00$0.00
Total monthly$488.47$1,102.03$1,135.14
Cash to close$96,696$14,889$14,889