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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$73,952$73,952$157,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$83,548$0
Funding fee$0$0$0
Note rate3.57%3.57%7.18%
Blended rate4.42%6.85%7.42%
1st payment$391.39$391.39$1,066.96
2nd payment$0.00$626.61$0.00
Taxes / mo$72.75$72.75$72.75
Insurance / mo$150.00$150.00$150.00
MI / mo$61.20$61.20$31.50
HOA / mo$0.00$0.00$0.00
Total monthly$675.34$1,301.95$1,321.21
Cash to close$101,048$17,500$17,500