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$202,332$211,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.320%7.400%
Blended rate6.870%7.640%
1st payment$1,309.44$1,464.38
2nd payment$0.00$0.00
Taxes / mo$214.92$214.92
Insurance / mo$150.00$150.00
MI / mo$96.76$42.30
HOA / mo$0.00$0.00
Total monthly$1,771.11$1,871.60
Cash to close$32,668$23,500