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$189,772$184,050
Remaining term (yrs)24.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.090%7.400%
Blended rate3.940%7.640%
1st payment$916.98$1,274.33
2nd payment$0.00$0.00
Taxes / mo$275.92$275.92
Insurance / mo$150.00$150.00
MI / mo$152.30$36.81
HOA / mo$100.00$100.00
Total monthly$1,595.20$1,837.05
Cash to close$14,728$20,450