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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$128,080$128,080$238,499
Remaining term (yrs)20.520.530.0
Secondary amount$0$110,419$0
Funding fee$0$0$0
Note rate4.1%4.1%7.18%
Blended rate4.95%6.362%7.42%
1st payment$768.60$768.60$1,615.68
2nd payment$0.00$736.12$0.00
Taxes / mo$159.25$159.25$159.25
Insurance / mo$150.00$150.00$150.00
MI / mo$112.67$112.67$47.70
HOA / mo$240.00$240.00$240.00
Total monthly$1,430.52$2,166.64$2,212.63
Cash to close$136,919$26,500$26,500