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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$90,213$90,213$197,550
Remaining term (yrs)21.321.330.0
Secondary amount$0$107,337$0
Funding fee$0$0$0
Note rate4.03%4.03%7.18%
Blended rate4.88%6.575%7.42%
1st payment$524.58$524.58$1,338.27
2nd payment$0.00$715.58$0.00
Taxes / mo$47.08$47.08$47.08
Insurance / mo$150.00$150.00$150.00
MI / mo$77.55$77.55$39.51
HOA / mo$0.00$0.00$0.00
Total monthly$799.22$1,514.80$1,574.87
Cash to close$129,287$21,950$21,950