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$196,355$192,960
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.400%
Blended rate6.810%7.640%
1st payment$1,264.87$1,336.02
2nd payment$0.00$0.00
Taxes / mo$207.34$207.34
Insurance / mo$150.00$150.00
MI / mo$94.06$38.59
HOA / mo$0.00$0.00
Total monthly$1,716.27$1,731.95
Cash to close$18,045$21,440