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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$140,894$140,894$252,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$111,106$0
Funding fee$0$0$0
Note rate3.17%3.17%7.18%
Blended rate4.02%5.775%7.42%
1st payment$688.23$688.23$1,707.14
2nd payment$0.00$740.71$0.00
Taxes / mo$37.75$37.75$37.75
Insurance / mo$150.00$150.00$150.00
MI / mo$113.15$113.15$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$989.14$1,729.84$1,945.29
Cash to close$139,106$28,000$28,000