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$138,356$153,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.300%7.400%
Blended rate6.150%7.640%
1st payment$817.87$1,059.34
2nd payment$0.00$0.00
Taxes / mo$243.25$243.25
Insurance / mo$150.00$150.00
MI / mo$104.33$30.60
HOA / mo$0.00$0.00
Total monthly$1,315.44$1,483.19
Cash to close$31,644$17,000