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$183,814$152,910
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.900%7.400%
Blended rate3.750%7.640%
1st payment$858.25$1,058.72
2nd payment$0.00$0.00
Taxes / mo$38.42$38.42
Insurance / mo$150.00$150.00
MI / mo$146.06$30.58
HOA / mo$200.00$200.00
Total monthly$1,392.72$1,477.72
Cash to close$0$16,990