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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$196,747$196,747$283,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$86,753$0
Funding fee$0$0$0
Note rate4.35%4.35%7.18%
Blended rate5.2%6.363%7.42%
1st payment$1,143.78$1,143.78$1,920.53
2nd payment$0.00$650.65$0.00
Taxes / mo$441.25$441.25$441.25
Insurance / mo$150.00$150.00$150.00
MI / mo$162.75$162.75$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,897.77$2,548.42$2,568.48
Cash to close$118,253$31,500$31,500