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$201,252$188,010
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.400%
Blended rate5.830%7.640%
1st payment$1,156.98$1,301.74
2nd payment$0.00$0.00
Taxes / mo$24.50$24.50
Insurance / mo$150.00$150.00
MI / mo$153.01$37.60
HOA / mo$195.00$195.00
Total monthly$1,679.49$1,708.85
Cash to close$7,648$20,890