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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$244,327$224,910
Remaining term (yrs)24.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.96%7.18%
Blended rate3.81%7.42%
1st payment$1,161.42$1,523.62
2nd payment$0.00$0.00
Taxes / mo$125.17$125.17
Insurance / mo$150.00$150.00
MI / mo$196.13$44.98
HOA / mo$0.00$0.00
Total monthly$1,632.72$1,843.77
Cash to close$5,573$24,990