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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$236,953$220,500
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate0%7.18%
Blended rate0.55%7.42%
1st payment$658.20$1,493.74
2nd payment$0.00$0.00
Taxes / mo$60.67$60.67
Insurance / mo$150.00$150.00
MI / mo$108.60$44.10
HOA / mo$0.00$0.00
Total monthly$977.47$1,748.51
Cash to close$8,047$24,500