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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$80,586$80,586$256,500
Remaining term (yrs)14.014.030.0
Secondary amount$0$175,914$0
Funding fee$0$0$0
Note rate4.16%4.16%7.18%
Blended rate5.01%7.061%7.42%
1st payment$630.89$630.89$1,737.62
2nd payment$0.00$1,172.76$0.00
Taxes / mo$81.92$81.92$81.92
Insurance / mo$150.00$150.00$150.00
MI / mo$91.82$91.82$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$954.63$2,127.39$2,020.84
Cash to close$204,414$28,500$28,500