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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$99,645$99,645$134,910
Remaining term (yrs)20.320.330.0
Secondary amount$0$35,265$0
Funding fee$0$0$0
Note rate4.2%4.2%7.18%
Blended rate5.05%6.083%7.42%
1st payment$606.38$606.38$913.93
2nd payment$0.00$264.49$0.00
Taxes / mo$401.00$401.00$401.00
Insurance / mo$150.00$150.00$150.00
MI / mo$87.83$87.83$26.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,245.21$1,509.71$1,491.91
Cash to close$50,255$14,990$14,990