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$199,468$208,800
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$1,315.19$1,445.69
2nd payment$0.00$0.00
Taxes / mo$280.17$280.17
Insurance / mo$150.00$150.00
MI / mo$95.37$41.76
HOA / mo$0.00$0.00
Total monthly$1,840.73$1,917.62
Cash to close$32,532$23,200