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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$71,785$71,785$350,910
Remaining term (yrs)17.817.830.0
Secondary amount$0$279,125$0
Funding fee$0$0$0
Note rate4.140%4.140%7.320%
Blended rate4.990%7.185%7.560%
1st payment$471.96$471.96$2,410.51
2nd payment$0.00$1,802.68$0.00
Taxes / mo$131.25$131.25$131.25
Insurance / mo$150.00$150.00$150.00
MI / mo$68.85$68.85$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$822.06$2,624.74$2,761.94
Cash to close$318,115$38,990$38,990