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$238,445$239,400
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$1,574.21$1,657.56
2nd payment$0.00$0.00
Taxes / mo$213.50$213.50
Insurance / mo$150.00$150.00
MI / mo$112.51$47.88
HOA / mo$18.75$18.75
Total monthly$2,068.97$2,087.69
Cash to close$27,555$26,600