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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$112,746$112,746$193,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$80,754$0
Funding fee$0$0$0
Note rate3.11%3.11%7.18%
Blended rate3.96%6.063%7.42%
1st payment$535.26$535.26$1,310.84
2nd payment$0.00$605.66$0.00
Taxes / mo$72.92$72.92$72.92
Insurance / mo$150.00$150.00$150.00
MI / mo$88.68$88.68$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$846.85$1,452.51$1,572.45
Cash to close$102,254$21,500$21,500