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$13,754$13,754$211,500
Remaining term (yrs)22.222.230.0
Secondary amount$0$197,746$0
Funding fee$0$0$0
Note rate3.12%3.12%7.11%
Blended rate3.97%7.738%7.35%
1st payment$71.32$71.32$1,422.77
2nd payment$0.00$1,318.31$0.00
Taxes / mo$150.67$150.67$150.67
Insurance / mo$150.00$150.00$150.00
MI / mo$11.05$11.05$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$383.04$1,701.35$1,765.74
Cash to close$221,246$23,500$23,500