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$145,762$156,600
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.250%7.400%
Blended rate4.800%7.640%
1st payment$728.30$1,084.27
2nd payment$0.00$0.00
Taxes / mo$217.50$217.50
Insurance / mo$150.00$150.00
MI / mo$67.85$31.32
HOA / mo$0.00$0.00
Total monthly$1,163.65$1,483.09
Cash to close$28,238$17,400