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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$64,819$64,819$292,491
Remaining term (yrs)15.115.130.0
Secondary amount$0$227,672$0
Funding fee$0$0$0
Note rate4.4%4.4%7.18%
Blended rate5.25%7.196%7.42%
1st payment$486.85$486.85$1,981.44
2nd payment$0.00$1,470.38$0.00
Taxes / mo$179.17$179.17$179.17
Insurance / mo$150.00$150.00$150.00
MI / mo$68.87$68.87$58.50
HOA / mo$75.00$75.00$75.00
Total monthly$959.88$2,430.27$2,444.10
Cash to close$260,171$32,499$32,499