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$203,538$205,649
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.470%7.400%
Blended rate7.020%7.640%
1st payment$1,311.61$1,423.87
2nd payment$0.00$0.00
Taxes / mo$133.83$133.83
Insurance / mo$150.00$150.00
MI / mo$95.41$41.13
HOA / mo$0.00$0.00
Total monthly$1,690.85$1,748.84
Cash to close$24,961$22,850