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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$160,797$160,797$369,900
Remaining term (yrs)20.520.530.0
Secondary amount$0$209,103$0
Funding fee$0$0$0
Note rate4.16%4.16%7.18%
Blended rate5.01%6.559%7.42%
1st payment$970.08$970.08$2,505.83
2nd payment$0.00$1,350.46$0.00
Taxes / mo$104.42$104.42$104.42
Insurance / mo$150.00$150.00$150.00
MI / mo$141.19$141.19$73.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,365.68$2,716.13$2,834.23
Cash to close$250,203$41,100$41,100