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$150,360$157,500
Remaining term (yrs)22.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.270%7.400%
Blended rate5.120%7.640%
1st payment$861.84$1,090.50
2nd payment$0.00$0.00
Taxes / mo$87.75$87.75
Insurance / mo$150.00$150.00
MI / mo$123.80$31.50
HOA / mo$170.00$170.00
Total monthly$1,393.38$1,529.75
Cash to close$24,640$17,500