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$238,737$227,700
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.300%7.400%
Blended rate6.150%7.640%
1st payment$1,417.64$1,576.55
2nd payment$0.00$0.00
Taxes / mo$234.17$234.17
Insurance / mo$150.00$150.00
MI / mo$180.83$45.54
HOA / mo$0.00$0.00
Total monthly$1,982.63$2,006.26
Cash to close$14,263$25,300