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$217,725$215,910
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.230%7.400%
Blended rate6.080%7.640%
1st payment$1,281.84$1,494.92
2nd payment$0.00$0.00
Taxes / mo$60.17$60.17
Insurance / mo$150.00$150.00
MI / mo$164.80$43.18
HOA / mo$175.00$175.00
Total monthly$1,831.80$1,923.27
Cash to close$22,175$23,990