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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$148,198$148,198$296,910
Remaining term (yrs)22.522.530.0
Secondary amount$0$148,712$0
Funding fee$0$0$0
Note rate4.28%4.28%7.18%
Blended rate5.13%6.567%7.42%
1st payment$853.97$853.97$2,011.37
2nd payment$0.00$991.41$0.00
Taxes / mo$103.33$103.33$103.33
Insurance / mo$150.00$150.00$150.00
MI / mo$122.52$122.52$59.38
HOA / mo$67.00$67.00$67.00
Total monthly$1,296.83$2,288.24$2,391.09
Cash to close$181,702$32,990$32,990