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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$98,615$98,615$206,100
Remaining term (yrs)29.729.730.0
Secondary amount$0$107,485$0
Funding fee$0$0$0
Note rate6.53%6.53%7.18%
Blended rate7.08%7.56%7.42%
1st payment$626.39$626.39$1,396.19
2nd payment$0.00$716.57$0.00
Taxes / mo$33.42$33.42$33.42
Insurance / mo$150.00$150.00$150.00
MI / mo$45.28$45.28$41.22
HOA / mo$0.00$0.00$0.00
Total monthly$855.09$1,571.65$1,620.83
Cash to close$130,385$22,900$22,900