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$150,189$157,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.000%7.400%
Blended rate4.850%7.640%
1st payment$776.47$1,090.50
2nd payment$0.00$0.00
Taxes / mo$121.00$121.00
Insurance / mo$150.00$150.00
MI / mo$115.20$31.50
HOA / mo$387.00$387.00
Total monthly$1,549.67$1,780.00
Cash to close$24,811$17,500