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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$97,431$97,431$332,999
Remaining term (yrs)17.917.930.0
Secondary amount$0$235,568$0
Funding fee$0$0$0
Note rate4%4%7.18%
Blended rate4.85%6.902%7.42%
1st payment$633.49$633.49$2,255.85
2nd payment$0.00$1,521.38$0.00
Taxes / mo$531.33$531.33$531.33
Insurance / mo$150.00$150.00$150.00
MI / mo$93.99$93.99$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,408.82$2,930.19$3,003.79
Cash to close$272,568$37,000$37,000