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$204,674$206,910
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.400%
Blended rate7.410%7.640%
1st payment$1,373.52$1,432.60
2nd payment$0.00$0.00
Taxes / mo$253.67$253.67
Insurance / mo$150.00$150.00
MI / mo$95.98$41.38
HOA / mo$0.00$0.00
Total monthly$1,873.16$1,877.65
Cash to close$25,226$22,990