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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$17,207$17,207$207,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$189,793$0
Funding fee$0$0$0
Note rate3.110%3.110%7.320%
Blended rate3.960%7.664%7.560%
1st payment$81.87$81.87$1,421.95
2nd payment$0.00$1,265.28$0.00
Taxes / mo$32.92$32.92$32.92
Insurance / mo$150.00$150.00$150.00
MI / mo$13.56$13.56$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$278.35$1,543.63$1,646.26
Cash to close$212,793$23,000$23,000