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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$78,833$78,833$188,910
Remaining term (yrs)18.018.030.0
Secondary amount$0$110,077$0
Funding fee$0$0$0
Note rate4%4%7.18%
Blended rate4.85%6.685%7.42%
1st payment$510.95$510.95$1,279.74
2nd payment$0.00$733.85$0.00
Taxes / mo$267.00$267.00$267.00
Insurance / mo$150.00$150.00$150.00
MI / mo$75.81$75.81$37.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,003.76$1,737.61$1,734.52
Cash to close$131,067$20,990$20,990