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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
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$204,839$204,839$269,999
Remaining term (yrs)29.429.430.0
Secondary amount$0$65,160$0
Funding fee$0$0$0
Note rate6.37%6.37%7.18%
Blended rate6.92%7.422%7.42%
1st payment$1,284.50$1,284.50$1,829.07
2nd payment$0.00$488.70$0.00
Taxes / mo$82.42$82.42$82.42
Insurance / mo$150.00$150.00$150.00
MI / mo$94.42$94.42$54.00
HOA / mo$208.00$208.00$208.00
Total monthly$1,819.33$2,308.03$2,323.48
Cash to close$95,160$30,000$30,000