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$167,733$180,000
Remaining term (yrs)23.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.72%7.18%
Blended rate4.57%7.42%
1st payment$897.05$1,219.38
2nd payment$0.00$0.00
Taxes / mo$94.92$94.92
Insurance / mo$150.00$150.00
MI / mo$137.71$36.00
HOA / mo$0.00$0.00
Total monthly$1,279.68$1,500.30
Cash to close$32,267$20,000