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$242,803$234,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.400%
Blended rate5.830%7.640%
1st payment$1,393.63$1,620.17
2nd payment$0.00$0.00
Taxes / mo$95.75$95.75
Insurance / mo$150.00$150.00
MI / mo$184.31$46.80
HOA / mo$250.00$250.00
Total monthly$2,073.69$2,162.72
Cash to close$17,197$26,000