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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$3,890$3,890$184,410
Remaining term (yrs)0.50.530.0
Secondary amount$0$180,520$0
Funding fee$0$0$0
Note rate7.98%7.98%7.18%
Blended rate8.83%8.018%7.42%
1st payment$570.62$570.62$1,249.26
2nd payment$0.00$1,203.47$0.00
Taxes / mo$60.83$60.83$60.83
Insurance / mo$150.00$150.00$150.00
MI / mo$55.19$55.19$36.88
HOA / mo$325.00$325.00$325.00
Total monthly$1,161.64$2,365.11$1,821.97
Cash to close$201,010$20,490$20,490