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$220,092$225,810
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.000%7.320%
Blended rate4.850%7.560%
1st payment$1,148.48$1,551.16
2nd payment$0.00$0.00
Taxes / mo$250.28$250.28
Insurance / mo$150.00$150.00
MI / mo$170.40$45.16
HOA / mo$0.00$0.00
Total monthly$1,719.16$1,996.60
Cash to close$30,808$25,090