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$212,948$220,410
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.790%7.400%
Blended rate7.340%7.640%
1st payment$1,438.79$1,526.07
2nd payment$0.00$0.00
Taxes / mo$145.75$145.75
Insurance / mo$150.00$150.00
MI / mo$101.26$44.08
HOA / mo$0.00$0.00
Total monthly$1,835.79$1,865.91
Cash to close$31,952$24,490