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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$71,887$71,887$256,500
Remaining term (yrs)13.613.630.0
Secondary amount$0$184,613$0
Funding fee$0$0$0
Note rate5.25%5.25%7.18%
Blended rate6.1%7.468%7.42%
1st payment$615.15$615.15$1,737.62
2nd payment$0.00$1,230.76$0.00
Taxes / mo$116.58$116.58$116.58
Insurance / mo$150.00$150.00$150.00
MI / mo$78.91$78.91$51.30
HOA / mo$210.00$210.00$210.00
Total monthly$1,170.64$2,401.40$2,265.50
Cash to close$213,113$28,500$28,500