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$169,779$179,910
Remaining term (yrs)23.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.970%7.400%
Blended rate3.820%7.640%
1st payment$835.07$1,245.66
2nd payment$0.00$0.00
Taxes / mo$275.25$275.25
Insurance / mo$150.00$150.00
MI / mo$137.88$35.98
HOA / mo$400.00$400.00
Total monthly$1,798.20$2,106.89
Cash to close$30,121$19,990