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$160,676$166,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$1,076.14$1,152.81
2nd payment$0.00$0.00
Taxes / mo$162.17$162.17
Insurance / mo$150.00$150.00
MI / mo$76.36$33.30
HOA / mo$0.00$0.00
Total monthly$1,464.66$1,498.28
Cash to close$24,324$18,500