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$233,423$233,910
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.67%7.11%
Blended rate5.52%7.35%
1st payment$1,304.22$1,573.53
2nd payment$0.00$0.00
Taxes / mo$272.67$272.67
Insurance / mo$150.00$150.00
MI / mo$178.75$46.78
HOA / mo$365.00$365.00
Total monthly$2,270.63$2,407.98
Cash to close$26,477$25,990