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$210,268$189,000
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.450%7.400%
Blended rate4.300%7.640%
1st payment$1,034.09$1,308.60
2nd payment$0.00$0.00
Taxes / mo$158.25$158.25
Insurance / mo$150.00$150.00
MI / mo$164.14$37.80
HOA / mo$270.00$270.00
Total monthly$1,776.48$1,924.65
Cash to close$0$21,000