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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$140,567$140,567$193,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$52,933$0
Funding fee$0$0$0
Note rate6.12%6.12%7.18%
Blended rate6.67%7.307%7.42%
1st payment$874.35$874.35$1,310.84
2nd payment$0.00$397.00$0.00
Taxes / mo$254.50$254.50$254.50
Insurance / mo$150.00$150.00$150.00
MI / mo$65.99$65.99$38.70
HOA / mo$640.00$640.00$640.00
Total monthly$1,984.84$2,381.83$2,394.04
Cash to close$74,433$21,500$21,500