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$176,968$175,500
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.230%7.400%
Blended rate6.080%7.640%
1st payment$1,041.89$1,215.13
2nd payment$0.00$0.00
Taxes / mo$197.75$197.75
Insurance / mo$150.00$150.00
MI / mo$133.95$35.10
HOA / mo$8.33$8.33
Total monthly$1,531.91$1,606.31
Cash to close$18,032$19,500