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$212,684$225,000
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.110%7.400%
Blended rate3.960%7.640%
1st payment$1,007.56$1,557.85
2nd payment$0.00$0.00
Taxes / mo$216.67$216.67
Insurance / mo$150.00$150.00
MI / mo$166.92$45.00
HOA / mo$0.00$0.00
Total monthly$1,541.14$1,969.52
Cash to close$37,316$25,000