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$242,167$202,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.760%7.400%
Blended rate4.610%7.640%
1st payment$1,229.27$1,402.07
2nd payment$0.00$0.00
Taxes / mo$303.33$303.33
Insurance / mo$150.00$150.00
MI / mo$187.79$40.50
HOA / mo$0.00$0.00
Total monthly$1,870.38$1,895.90
Cash to close$0$22,500