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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$70,154$70,154$324,000
Remaining term (yrs)12.112.130.0
Secondary amount$0$253,846$0
Funding fee$0$0$0
Note rate6.1%6.1%7.18%
Blended rate6.95%7.577%7.42%
1st payment$681.84$681.84$2,194.89
2nd payment$0.00$1,639.42$0.00
Taxes / mo$123.17$123.17$123.17
Insurance / mo$150.00$150.00$150.00
MI / mo$79.70$79.70$64.80
HOA / mo$85.00$85.00$85.00
Total monthly$1,119.70$2,759.12$2,617.86
Cash to close$289,846$36,000$36,000