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$192,541$202,410
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.98%7.18%
Blended rate3.83%7.42%
1st payment$904.98$1,371.20
2nd payment$0.00$0.00
Taxes / mo$72.75$72.75
Insurance / mo$150.00$150.00
MI / mo$152.43$40.48
HOA / mo$0.00$0.00
Total monthly$1,280.16$1,634.43
Cash to close$32,359$22,490