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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$71,561$71,561$350,910
Remaining term (yrs)17.817.830.0
Secondary amount$0$279,349$0
Funding fee$0$0$0
Note rate4.14%4.14%7.18%
Blended rate4.99%7.187%7.42%
1st payment$471.96$471.96$2,377.19
2nd payment$0.00$1,804.13$0.00
Taxes / mo$131.25$131.25$131.25
Insurance / mo$150.00$150.00$150.00
MI / mo$68.85$68.85$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$822.06$2,626.19$2,728.62
Cash to close$318,339$38,990$38,990