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$224,136$233,910
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$1,451.34$1,619.55
2nd payment$0.00$0.00
Taxes / mo$263.92$263.92
Insurance / mo$150.00$150.00
MI / mo$106.90$46.78
HOA / mo$0.00$0.00
Total monthly$1,972.16$2,080.24
Cash to close$35,764$25,990