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$149,448$146,250
Remaining term (yrs)24.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.87%7.18%
Blended rate3.72%7.42%
1st payment$700.24$990.75
2nd payment$0.00$0.00
Taxes / mo$73.83$73.83
Insurance / mo$150.00$150.00
MI / mo$119.63$29.25
HOA / mo$146.00$146.00
Total monthly$1,189.70$1,389.83
Cash to close$13,052$16,250