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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$119,032$119,032$319,500
Remaining term (yrs)12.912.930.0
Secondary amount$0$200,468$0
Funding fee$0$0$0
Note rate5.12%5.12%7.18%
Blended rate5.97%7.087%7.42%
1st payment$1,046.50$1,046.50$2,164.40
2nd payment$0.00$1,294.69$0.00
Taxes / mo$502.50$502.50$502.50
Insurance / mo$150.00$150.00$150.00
MI / mo$136.22$136.22$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,835.21$3,129.90$2,880.80
Cash to close$235,968$35,500$35,500