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$211,903$215,910
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.420%7.400%
Blended rate6.970%7.640%
1st payment$1,384.79$1,494.92
2nd payment$0.00$0.00
Taxes / mo$234.50$234.50
Insurance / mo$150.00$150.00
MI / mo$101.26$43.18
HOA / mo$0.00$0.00
Total monthly$1,870.54$1,922.60
Cash to close$27,997$23,990