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$190,089$170,100
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.100%7.400%
Blended rate3.950%7.640%
1st payment$901.45$1,177.74
2nd payment$0.00$0.00
Taxes / mo$301.27$301.27
Insurance / mo$150.00$150.00
MI / mo$149.53$34.02
HOA / mo$0.00$0.00
Total monthly$1,502.25$1,663.02
Cash to close$0$18,900