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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$73,157$73,157$242,100
Remaining term (yrs)19.519.530.0
Secondary amount$0$168,943$0
Funding fee$0$0$0
Note rate3.71%3.71%7.18%
Blended rate4.56%6.961%7.42%
1st payment$438.43$438.43$1,640.07
2nd payment$0.00$1,126.28$0.00
Taxes / mo$69.17$69.17$69.17
Insurance / mo$150.00$150.00$150.00
MI / mo$67.39$67.39$48.42
HOA / mo$183.00$183.00$183.00
Total monthly$907.99$2,034.27$2,090.66
Cash to close$195,843$26,900$26,900