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$239,614$207,000
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.900%7.320%
Blended rate3.750%7.560%
1st payment$1,123.85$1,421.95
2nd payment$0.00$0.00
Taxes / mo$434.92$434.92
Insurance / mo$150.00$150.00
MI / mo$191.26$41.40
HOA / mo$210.00$210.00
Total monthly$2,110.03$2,258.26
Cash to close$0$23,000