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$207,544$179,910
Remaining term (yrs)24.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.960%7.400%
Blended rate3.810%7.640%
1st payment$984.33$1,245.66
2nd payment$0.00$0.00
Taxes / mo$27.42$27.42
Insurance / mo$150.00$150.00
MI / mo$166.23$35.98
HOA / mo$221.00$221.00
Total monthly$1,548.97$1,680.06
Cash to close$0$19,990