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$149,780$151,200
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.580%7.400%
Blended rate7.130%7.640%
1st payment$985.18$1,046.88
2nd payment$0.00$0.00
Taxes / mo$176.25$176.25
Insurance / mo$150.00$150.00
MI / mo$70.85$30.24
HOA / mo$25.00$25.00
Total monthly$1,407.28$1,428.37
Cash to close$18,220$16,800