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$213,937$218,250
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.72%7.11%
Blended rate5.57%7.35%
1st payment$1,199.50$1,468.18
2nd payment$0.00$0.00
Taxes / mo$228.33$228.33
Insurance / mo$150.00$150.00
MI / mo$163.44$43.65
HOA / mo$328.00$328.00
Total monthly$2,069.27$2,218.17
Cash to close$28,563$24,250