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$144,063$152,100
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.400%
Blended rate7.180%7.640%
1st payment$950.17$1,053.11
2nd payment$0.00$0.00
Taxes / mo$140.83$140.83
Insurance / mo$150.00$150.00
MI / mo$67.98$30.42
HOA / mo$0.00$0.00
Total monthly$1,308.99$1,374.36
Cash to close$24,937$16,900