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$239,791$225,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.17%7.18%
Blended rate5.02%7.42%
1st payment$1,271.66$1,524.23
2nd payment$0.00$0.00
Taxes / mo$357.50$357.50
Insurance / mo$150.00$150.00
MI / mo$184.86$45.00
HOA / mo$0.00$0.00
Total monthly$1,964.02$2,076.73
Cash to close$10,209$25,000