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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$125,336$125,336$423,000
Remaining term (yrs)17.317.330.0
Secondary amount$0$297,664$0
Funding fee$0$0$0
Note rate4.39%4.39%7.18%
Blended rate5.24%7.006%7.42%
1st payment$858.93$858.93$2,865.55
2nd payment$0.00$1,922.41$0.00
Taxes / mo$158.75$158.75$158.75
Insurance / mo$166.67$166.67$166.67
MI / mo$121.64$121.64$84.60
HOA / mo$50.00$50.00$50.00
Total monthly$1,355.99$3,278.40$3,325.57
Cash to close$344,664$47,000$47,000