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$220,092$225,810
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.000%7.400%
Blended rate4.850%7.640%
1st payment$1,148.48$1,563.46
2nd payment$0.00$0.00
Taxes / mo$250.28$250.28
Insurance / mo$150.00$150.00
MI / mo$170.40$45.16
HOA / mo$0.00$0.00
Total monthly$1,719.16$2,008.90
Cash to close$30,808$25,090