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$229,196$233,991
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.100%7.400%
Blended rate5.950%7.640%
1st payment$1,331.72$1,620.11
2nd payment$0.00$0.00
Taxes / mo$340.92$340.92
Insurance / mo$150.00$150.00
MI / mo$173.74$46.80
HOA / mo$0.00$0.00
Total monthly$1,996.37$2,157.82
Cash to close$30,794$25,999