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
Current Market Conventional
New · Conventional
Loan amount$226,130$233,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$1,501.20$1,613.94
2nd payment$0.00$0.00
Taxes / mo$52.54$52.54
Insurance / mo$150.00$150.00
MI / mo$105.76$46.62
HOA / mo$0.00$0.00
Total monthly$1,809.49$1,863.10
Cash to close$32,870$25,900