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$189,724$195,750
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$1,281.54$1,355.33
2nd payment$0.00$0.00
Taxes / mo$167.33$167.33
Insurance / mo$150.00$150.00
MI / mo$90.01$39.15
HOA / mo$0.00$0.00
Total monthly$1,688.88$1,711.82
Cash to close$27,776$21,750