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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$224,590$211,500
Remaining term (yrs)23.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.02%7.18%
Blended rate3.87%7.42%
1st payment$1,099.82$1,432.77
2nd payment$0.00$0.00
Taxes / mo$197.75$197.75
Insurance / mo$150.00$150.00
MI / mo$184.31$42.30
HOA / mo$92.00$92.00
Total monthly$1,723.88$1,914.82
Cash to close$10,410$23,500