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$24,798$24,798$152,910
Remaining term (yrs)5.35.330.0
Secondary amount$0$128,112$0
Funding fee$0$0$0
Note rate7.42%7.42%7.18%
Blended rate8.27%8.044%7.42%
1st payment$464.46$464.46$1,035.87
2nd payment$0.00$854.08$0.00
Taxes / mo$194.17$194.17$194.17
Insurance / mo$150.00$150.00$150.00
MI / mo$47.42$47.42$30.58
HOA / mo$0.00$0.00$0.00
Total monthly$856.05$1,710.13$1,410.61
Cash to close$145,102$16,990$16,990