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$209,587$189,000
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.020%7.320%
Blended rate3.870%7.560%
1st payment$996.07$1,298.30
2nd payment$0.00$0.00
Taxes / mo$382.67$382.67
Insurance / mo$150.00$150.00
MI / mo$166.92$37.80
HOA / mo$0.00$0.00
Total monthly$1,695.65$1,868.77
Cash to close$413$21,000