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$212,106$224,100
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$1,380.45$1,551.62
2nd payment$0.00$0.00
Taxes / mo$128.92$128.92
Insurance / mo$150.00$150.00
MI / mo$101.26$44.82
HOA / mo$16.67$16.67
Total monthly$1,777.29$1,892.03
Cash to close$36,894$24,900