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$235,857$233,910
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$1,533.22$1,619.55
2nd payment$0.00$0.00
Taxes / mo$155.67$155.67
Insurance / mo$150.00$150.00
MI / mo$112.46$46.78
HOA / mo$165.00$165.00
Total monthly$2,116.35$2,136.99
Cash to close$24,043$25,990