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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$54,594$54,594$193,500
Remaining term (yrs)14.814.830.0
Secondary amount$0$138,906$0
Funding fee$0$0$0
Note rate4.25%4.25%7.18%
Blended rate5.1%7.182%7.42%
1st payment$412.34$412.34$1,310.84
2nd payment$0.00$926.04$0.00
Taxes / mo$216.92$216.92$216.92
Insurance / mo$150.00$150.00$150.00
MI / mo$59.37$59.37$38.70
HOA / mo$325.00$325.00$325.00
Total monthly$1,163.63$2,089.67$2,041.45
Cash to close$160,406$21,500$21,500