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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$109,734$109,734$337,500
Remaining term (yrs)18.718.730.0
Secondary amount$0$227,766$0
Funding fee$0$0$0
Note rate4.08%4.08%7.18%
Blended rate4.93%6.833%7.42%
1st payment$696.54$696.54$2,286.34
2nd payment$0.00$1,470.99$0.00
Taxes / mo$130.00$130.00$130.00
Insurance / mo$150.00$150.00$150.00
MI / mo$102.35$102.35$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,078.89$2,549.88$2,633.84
Cash to close$265,266$37,500$37,500