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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$102,755$102,755$341,100
Remaining term (yrs)12.212.230.0
Secondary amount$0$238,345$0
Funding fee$0$0$0
Note rate6.200%6.200%7.400%
Blended rate7.050%7.539%7.640%
1st payment$994.96$994.96$2,361.71
2nd payment$0.00$1,539.31$0.00
Taxes / mo$316.17$316.17$316.17
Insurance / mo$150.00$150.00$150.00
MI / mo$115.07$115.07$68.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,576.19$3,115.50$2,896.09
Cash to close$276,245$37,900$37,900