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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$147,107$147,107$337,500
Remaining term (yrs)20.320.330.0
Secondary amount$0$190,393$0
Funding fee$0$0$0
Note rate4.19%4.19%7.18%
Blended rate5.04%6.71%7.42%
1st payment$894.42$894.42$2,286.34
2nd payment$0.00$1,269.29$0.00
Taxes / mo$114.50$114.50$114.50
Insurance / mo$150.00$150.00$150.00
MI / mo$129.71$129.71$67.50
HOA / mo$40.00$40.00$40.00
Total monthly$1,328.64$2,597.92$2,658.34
Cash to close$227,893$37,500$37,500