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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$84,916$84,916$202,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$117,584$0
Funding fee$0$0$0
Note rate3.240%3.240%7.400%
Blended rate4.090%6.360%7.640%
1st payment$424.57$424.57$1,402.07
2nd payment$0.00$783.89$0.00
Taxes / mo$42.75$42.75$42.75
Insurance / mo$150.00$150.00$150.00
MI / mo$69.19$69.19$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$686.51$1,470.40$1,635.32
Cash to close$140,084$22,500$22,500