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$213,095$224,910
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.230%7.400%
Blended rate7.780%7.640%
1st payment$1,496.31$1,557.23
2nd payment$0.00$0.00
Taxes / mo$153.92$153.92
Insurance / mo$150.00$150.00
MI / mo$100.73$44.98
HOA / mo$338.00$338.00
Total monthly$2,238.96$2,244.13
Cash to close$36,805$24,990