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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$235,800$242,910
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.9%7.18%
Blended rate3.75%7.42%
1st payment$1,103.46$1,645.56
2nd payment$0.00$0.00
Taxes / mo$117.50$117.50
Insurance / mo$150.00$150.00
MI / mo$187.79$48.58
HOA / mo$0.00$0.00
Total monthly$1,558.75$1,961.64
Cash to close$34,100$26,990