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$134,234$144,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.400%
Blended rate7.640%7.640%
1st payment$922.88$997.03
2nd payment$0.00$0.00
Taxes / mo$133.33$133.33
Insurance / mo$150.00$150.00
MI / mo$63.00$28.80
HOA / mo$120.00$120.00
Total monthly$1,389.21$1,429.16
Cash to close$25,766$16,000