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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$112,392$112,392$314,999
Remaining term (yrs)17.017.030.0
Secondary amount$0$202,607$0
Funding fee$0$0$0
Note rate4.25%4.25%7.18%
Blended rate5.1%6.804%7.42%
1st payment$772.08$772.08$2,133.91
2nd payment$0.00$1,308.50$0.00
Taxes / mo$285.00$285.00$285.00
Insurance / mo$150.00$150.00$150.00
MI / mo$111.17$111.17$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,318.26$2,626.76$2,631.91
Cash to close$237,607$35,000$35,000