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$212,106$211,050
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$1,380.45$1,461.27
2nd payment$0.00$0.00
Taxes / mo$297.75$297.75
Insurance / mo$150.00$150.00
MI / mo$101.26$42.21
HOA / mo$0.00$0.00
Total monthly$1,929.45$1,951.23
Cash to close$22,394$23,450