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$216,396$215,550
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.130%7.400%
Blended rate6.680%7.640%
1st payment$1,378.05$1,492.42
2nd payment$0.00$0.00
Taxes / mo$222.42$222.42
Insurance / mo$150.00$150.00
MI / mo$103.89$43.11
HOA / mo$0.00$0.00
Total monthly$1,854.36$1,907.95
Cash to close$23,104$23,950