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$121,751$116,910
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.060%7.400%
Blended rate6.610%7.640%
1st payment$740.60$809.46
2nd payment$0.00$0.00
Taxes / mo$39.56$39.56
Insurance / mo$150.00$150.00
MI / mo$56.25$23.38
HOA / mo$0.00$0.00
Total monthly$986.41$1,022.40
Cash to close$8,149$12,990