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$210,068$179,100
Remaining term (yrs)24.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.940%7.400%
Blended rate3.790%7.640%
1st payment$994.13$1,240.05
2nd payment$0.00$0.00
Taxes / mo$153.58$153.58
Insurance / mo$150.00$150.00
MI / mo$168.31$35.82
HOA / mo$315.00$315.00
Total monthly$1,781.02$1,894.46
Cash to close$0$19,900