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$175,933$179,100
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.580%7.320%
Blended rate7.130%7.560%
1st payment$1,132.68$1,230.29
2nd payment$0.00$0.00
Taxes / mo$399.62$399.62
Insurance / mo$150.00$150.00
MI / mo$81.46$35.82
HOA / mo$0.00$0.00
Total monthly$1,763.75$1,815.73
Cash to close$23,067$19,900