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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$92,601$92,601$359,100
Remaining term (yrs)12.112.130.0
Secondary amount$0$266,499$0
Funding fee$0$0$0
Note rate6.16%6.16%7.18%
Blended rate7.01%7.559%7.42%
1st payment$902.90$902.90$2,432.67
2nd payment$0.00$1,721.14$0.00
Taxes / mo$194.50$194.50$194.50
Insurance / mo$150.00$150.00$150.00
MI / mo$104.87$104.87$71.82
HOA / mo$141.00$141.00$141.00
Total monthly$1,493.26$3,214.40$2,989.99
Cash to close$306,399$39,900$39,900