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$216,576$227,700
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.400%
Blended rate7.150%7.640%
1st payment$1,410.95$1,576.55
2nd payment$0.00$0.00
Taxes / mo$301.75$301.75
Insurance / mo$150.00$150.00
MI / mo$101.26$45.54
HOA / mo$0.00$0.00
Total monthly$1,963.96$2,073.84
Cash to close$36,424$25,300