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$129,523$138,600
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.840%7.400%
Blended rate7.390%7.640%
1st payment$859.20$959.64
2nd payment$0.00$0.00
Taxes / mo$222.83$222.83
Insurance / mo$150.00$150.00
MI / mo$60.16$27.72
HOA / mo$0.00$0.00
Total monthly$1,292.19$1,360.19
Cash to close$24,477$15,400