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$154,219$162,000
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.110%7.320%
Blended rate6.660%7.560%
1st payment$941.13$1,112.83
2nd payment$0.00$0.00
Taxes / mo$175.05$175.05
Insurance / mo$150.00$150.00
MI / mo$71.10$32.40
HOA / mo$0.00$0.00
Total monthly$1,337.28$1,470.28
Cash to close$25,781$18,000