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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$68,281$68,281$247,500
Remaining term (yrs)20.820.830.0
Secondary amount$0$179,219$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%7.103%7.640%
1st payment$398.33$398.33$1,713.64
2nd payment$0.00$1,194.79$0.00
Taxes / mo$36.67$36.67$36.67
Insurance / mo$150.00$150.00$150.00
MI / mo$59.82$59.82$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$644.82$1,839.61$1,949.81
Cash to close$206,719$27,500$27,500