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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$131,777$131,777$413,100
Remaining term (yrs)11.811.830.0
Secondary amount$0$281,323$0
Funding fee$0$0$0
Note rate6.49%6.49%7.18%
Blended rate7.34%7.619%7.42%
1st payment$1,325.72$1,325.72$2,798.48
2nd payment$0.00$1,816.88$0.00
Taxes / mo$168.25$168.25$168.25
Insurance / mo$166.67$166.67$166.67
MI / mo$148.72$148.72$82.62
HOA / mo$95.67$95.67$95.67
Total monthly$1,905.02$3,721.90$3,311.69
Cash to close$327,223$45,900$45,900