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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$72,463$72,463$225,000
Remaining term (yrs)9.39.330.0
Secondary amount$0$152,537$0
Funding fee$0$0$0
Note rate6.25%6.25%7.18%
Blended rate7.1%7.71%7.42%
1st payment$850.00$850.00$1,524.23
2nd payment$0.00$1,016.91$0.00
Taxes / mo$120.00$120.00$120.00
Insurance / mo$150.00$150.00$150.00
MI / mo$97.79$97.79$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,217.78$2,234.70$1,839.23
Cash to close$177,537$25,000$25,000