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$210,956$216,810
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.310%7.400%
Blended rate7.160%7.640%
1st payment$1,368.90$1,501.15
2nd payment$0.00$0.00
Taxes / mo$193.25$193.25
Insurance / mo$150.00$150.00
MI / mo$156.49$43.36
HOA / mo$0.00$0.00
Total monthly$1,868.64$1,887.76
Cash to close$29,944$24,090