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$139,852$142,650
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.400%
Blended rate7.430%7.640%
1st payment$942.22$987.68
2nd payment$0.00$0.00
Taxes / mo$138.82$138.82
Insurance / mo$150.00$150.00
MI / mo$65.70$28.53
HOA / mo$0.00$0.00
Total monthly$1,296.74$1,305.03
Cash to close$18,648$15,850