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$138,365$134,910
Remaining term (yrs)24.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.810%7.320%
Blended rate3.660%7.560%
1st payment$650.07$926.74
2nd payment$0.00$0.00
Taxes / mo$137.42$137.42
Insurance / mo$150.00$150.00
MI / mo$111.92$26.98
HOA / mo$0.00$0.00
Total monthly$1,049.41$1,241.14
Cash to close$11,535$14,990