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$115,795$107,910
Remaining term (yrs)23.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.450%7.400%
Blended rate4.300%7.640%
1st payment$599.88$747.15
2nd payment$0.00$0.00
Taxes / mo$124.75$124.75
Insurance / mo$150.00$150.00
MI / mo$95.22$21.58
HOA / mo$419.00$419.00
Total monthly$1,388.85$1,462.48
Cash to close$4,105$11,990