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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$88,161$88,161$220,500
Remaining term (yrs)19.119.130.0
Secondary amount$0$132,339$0
Funding fee$0$0$0
Note rate3.82%3.82%7.18%
Blended rate4.67%6.669%7.42%
1st payment$541.19$541.19$1,493.74
2nd payment$0.00$882.26$0.00
Taxes / mo$43.92$43.92$43.92
Insurance / mo$150.00$150.00$150.00
MI / mo$82.07$82.07$44.10
HOA / mo$195.00$195.00$195.00
Total monthly$1,012.17$1,894.43$1,926.76
Cash to close$156,839$24,500$24,500