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$187,205$179,100
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.000%7.400%
Blended rate4.850%7.640%
1st payment$975.03$1,240.05
2nd payment$0.00$0.00
Taxes / mo$148.50$148.50
Insurance / mo$150.00$150.00
MI / mo$144.66$35.82
HOA / mo$0.00$0.00
Total monthly$1,418.20$1,574.37
Cash to close$11,795$19,900