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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$82,750$82,750$247,500
Remaining term (yrs)38.738.730.0
Secondary amount$0$164,750$0
Funding fee$0$0$0
Note rate6.86%6.86%7.18%
Blended rate7.41%7.803%7.42%
1st payment$508.77$508.77$1,676.65
2nd payment$0.00$1,098.33$0.00
Taxes / mo$239.83$239.83$239.83
Insurance / mo$150.00$150.00$150.00
MI / mo$38.15$38.15$49.50
HOA / mo$100.00$100.00$100.00
Total monthly$1,036.75$2,135.08$2,215.98
Cash to close$192,250$27,500$27,500