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$122,641$131,310
Remaining term (yrs)21.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.32%7.18%
Blended rate5.17%7.42%
1st payment$730.59$889.54
2nd payment$0.00$0.00
Taxes / mo$340.50$340.50
Insurance / mo$150.00$150.00
MI / mo$104.33$26.26
HOA / mo$0.00$0.00
Total monthly$1,325.42$1,406.30
Cash to close$23,259$14,590