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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$183,207$183,207$301,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$118,293$0
Funding fee$0$0$0
Note rate6.73%6.73%7.18%
Blended rate7.28%7.562%7.42%
1st payment$1,306.60$1,306.60$2,042.47
2nd payment$0.00$788.62$0.00
Taxes / mo$111.25$111.25$111.25
Insurance / mo$150.00$150.00$150.00
MI / mo$86.83$86.83$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,654.68$2,443.30$2,364.02
Cash to close$151,793$33,500$33,500