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$76,019$76,019$296,910
Remaining term (yrs)21.521.530.0
Secondary amount$0$220,891$0
Funding fee$0$0$0
Note rate4.430%4.430%7.400%
Blended rate5.280%7.118%7.640%
1st payment$456.36$456.36$2,055.74
2nd payment$0.00$1,426.59$0.00
Taxes / mo$47.50$47.50$47.50
Insurance / mo$150.00$150.00$150.00
MI / mo$64.32$64.32$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$718.18$2,144.77$2,312.63
Cash to close$253,881$32,990$32,990