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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$84,157$84,157$269,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$184,943$0
Funding fee$0$0$0
Note rate5.55%5.55%7.18%
Blended rate6.4%7.5%7.42%
1st payment$510.13$510.13$1,822.98
2nd payment$0.00$1,232.95$0.00
Taxes / mo$84.75$84.75$84.75
Insurance / mo$150.00$150.00$150.00
MI / mo$63.29$63.29$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$808.17$2,041.12$2,111.55
Cash to close$214,843$29,900$29,900