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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$137,634$137,634$270,000
Remaining term (yrs)21.221.230.0
Secondary amount$0$132,366$0
Funding fee$0$0$0
Note rate4.15%4.15%7.18%
Blended rate5%6.471%7.42%
1st payment$811.16$811.16$1,829.07
2nd payment$0.00$882.44$0.00
Taxes / mo$81.58$81.58$81.58
Insurance / mo$150.00$150.00$150.00
MI / mo$118.20$118.20$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,160.94$2,043.39$2,114.66
Cash to close$162,366$30,000$30,000