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$233,792$243,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.61%7.18%
Blended rate7.16%7.42%
1st payment$1,537.33$1,646.17
2nd payment$0.00$0.00
Taxes / mo$289.33$289.33
Insurance / mo$150.00$150.00
MI / mo$110.21$48.60
HOA / mo$0.00$0.00
Total monthly$2,086.87$2,134.10
Cash to close$36,208$27,000