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$119,690$130,500
Remaining term (yrs)22.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.270%7.400%
Blended rate5.120%7.640%
1st payment$687.54$903.56
2nd payment$0.00$0.00
Taxes / mo$144.00$144.00
Insurance / mo$150.00$150.00
MI / mo$98.76$26.10
HOA / mo$0.00$0.00
Total monthly$1,080.30$1,223.66
Cash to close$25,310$14,500