The Brokery
Call Danielle

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$201,644$201,644$297,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$95,356$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%7.418%7.640%
1st payment$1,281.24$1,281.24$2,056.37
2nd payment$0.00$715.17$0.00
Taxes / mo$137.50$137.50$137.50
Insurance / mo$150.00$150.00$150.00
MI / mo$96.70$96.70$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,665.44$2,380.61$2,403.27
Cash to close$128,356$33,000$33,000