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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$63,227$63,227$112,500
Remaining term (yrs)19.519.530.0
Secondary amount$0$49,273$0
Funding fee$0$0$0
Note rate3.69%3.69%7.18%
Blended rate4.54%6.493%7.42%
1st payment$378.26$378.26$762.11
2nd payment$0.00$369.55$0.00
Taxes / mo$77.25$77.25$77.25
Insurance / mo$150.00$150.00$150.00
MI / mo$58.28$58.28$22.50
HOA / mo$50.00$50.00$50.00
Total monthly$713.80$1,083.35$1,061.86
Cash to close$61,773$12,500$12,500