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$152,092$153,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$982.01$1,059.34
2nd payment$0.00$0.00
Taxes / mo$43.83$43.83
Insurance / mo$150.00$150.00
MI / mo$71.21$30.60
HOA / mo$30.00$30.00
Total monthly$1,277.05$1,313.77
Cash to close$17,908$17,000