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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$123,050$123,050$305,100
Remaining term (yrs)20.320.330.0
Secondary amount$0$182,050$0
Funding fee$0$0$0
Note rate4.19%4.19%7.18%
Blended rate5.04%6.806%7.42%
1st payment$748.15$748.15$2,066.85
2nd payment$0.00$1,213.67$0.00
Taxes / mo$124.17$124.17$124.17
Insurance / mo$150.00$150.00$150.00
MI / mo$108.50$108.50$61.02
HOA / mo$85.00$85.00$85.00
Total monthly$1,215.82$2,429.49$2,487.04
Cash to close$215,950$33,900$33,900