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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$169,748$169,748$270,000
Remaining term (yrs)22.122.130.0
Secondary amount$0$100,252$0
Funding fee$0$0$0
Note rate4.86%4.86%7.18%
Blended rate5.71%6.56%7.42%
1st payment$1,043.62$1,043.62$1,829.07
2nd payment$0.00$668.35$0.00
Taxes / mo$106.83$106.83$106.83
Insurance / mo$150.00$150.00$150.00
MI / mo$139.93$139.93$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,440.38$2,108.73$2,139.91
Cash to close$130,252$30,000$30,000