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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$131,094$131,094$184,500
Remaining term (yrs)22.222.230.0
Secondary amount$0$53,406$0
Funding fee$0$0$0
Note rate4.51%4.51%7.18%
Blended rate5.36%6.414%7.42%
1st payment$777.02$777.02$1,249.87
2nd payment$0.00$400.55$0.00
Taxes / mo$55.42$55.42$55.42
Insurance / mo$150.00$150.00$150.00
MI / mo$108.50$108.50$36.90
HOA / mo$300.00$300.00$300.00
Total monthly$1,390.94$1,791.48$1,792.18
Cash to close$73,906$20,500$20,500