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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$39,933$39,933$105,300
Remaining term (yrs)8.68.630.0
Secondary amount$0$65,367$0
Funding fee$0$0$0
Note rate5.75%5.75%7.18%
Blended rate6.6%8.09%7.42%
1st payment$484.87$484.87$713.34
2nd payment$0.00$490.25$0.00
Taxes / mo$114.83$114.83$114.83
Insurance / mo$150.00$150.00$150.00
MI / mo$58.85$58.85$21.06
HOA / mo$348.00$348.00$348.00
Total monthly$1,156.56$1,646.81$1,347.23
Cash to close$77,067$11,700$11,700