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$214,755$224,100
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$1,416.31$1,551.62
2nd payment$0.00$0.00
Taxes / mo$579.75$579.75
Insurance / mo$150.00$150.00
MI / mo$101.22$44.82
HOA / mo$0.00$0.00
Total monthly$2,247.28$2,326.19
Cash to close$34,245$24,900