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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$201,951$201,951$355,500
Remaining term (yrs)29.629.630.0
Secondary amount$0$153,549$0
Funding fee$0$0$0
Note rate6.53%6.53%7.18%
Blended rate7.08%7.477%7.42%
1st payment$1,283.94$1,283.94$2,408.28
2nd payment$0.00$1,023.66$0.00
Taxes / mo$95.75$95.75$95.75
Insurance / mo$150.00$150.00$150.00
MI / mo$92.81$92.81$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,622.50$2,646.16$2,725.13
Cash to close$193,049$39,500$39,500