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$152,543$161,550
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.310%7.400%
Blended rate7.860%7.640%
1st payment$1,078.11$1,118.54
2nd payment$0.00$0.00
Taxes / mo$367.75$367.75
Insurance / mo$150.00$150.00
MI / mo$72.01$32.31
HOA / mo$0.00$0.00
Total monthly$1,667.87$1,668.60
Cash to close$26,957$17,950