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$116,732$130,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.360%7.400%
Blended rate6.910%7.640%
1st payment$760.23$903.56
2nd payment$0.00$0.00
Taxes / mo$343.67$343.67
Insurance / mo$150.00$150.00
MI / mo$55.94$26.10
HOA / mo$0.00$0.00
Total monthly$1,309.84$1,423.32
Cash to close$28,268$14,500