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$161,797$166,500
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.100%7.400%
Blended rate3.950%7.640%
1st payment$767.28$1,152.81
2nd payment$0.00$0.00
Taxes / mo$278.58$278.58
Insurance / mo$150.00$150.00
MI / mo$127.28$33.30
HOA / mo$705.00$705.00
Total monthly$2,028.14$2,319.70
Cash to close$23,203$18,500