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$100,452$112,500
Remaining term (yrs)23.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.03%7.18%
Blended rate3.88%7.42%
1st payment$492.43$762.11
2nd payment$0.00$0.00
Taxes / mo$117.83$117.83
Insurance / mo$150.00$150.00
MI / mo$82.42$22.50
HOA / mo$438.00$438.00
Total monthly$1,280.68$1,490.45
Cash to close$24,548$12,500