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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$49,168$49,168$225,000
Remaining term (yrs)12.612.630.0
Secondary amount$0$175,832$0
Funding fee$0$0$0
Note rate4.91%4.91%7.18%
Blended rate5.76%7.511%7.42%
1st payment$433.02$433.02$1,524.23
2nd payment$0.00$1,172.21$0.00
Taxes / mo$79.67$79.67$79.67
Insurance / mo$150.00$150.00$150.00
MI / mo$57.73$57.73$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$720.41$1,892.62$1,798.90
Cash to close$200,832$25,000$25,000