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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$5,637$5,637$244,350
Remaining term (yrs)14.114.130.0
Secondary amount$0$238,713$0
Funding fee$0$0$0
Note rate5.52%5.52%7.18%
Blended rate6.07%7.711%7.42%
1st payment$47.87$47.87$1,655.31
2nd payment$0.00$1,541.69$0.00
Taxes / mo$144.83$144.83$144.83
Insurance / mo$150.00$150.00$150.00
MI / mo$2.68$2.68$48.87
HOA / mo$88.00$88.00$88.00
Total monthly$433.38$1,975.07$2,087.02
Cash to close$265,863$27,150$27,150