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$238,737$234,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.300%7.400%
Blended rate6.150%7.640%
1st payment$1,417.64$1,620.17
2nd payment$0.00$0.00
Taxes / mo$223.83$223.83
Insurance / mo$150.00$150.00
MI / mo$180.83$46.80
HOA / mo$0.00$0.00
Total monthly$1,972.30$2,040.80
Cash to close$21,263$26,000