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$232,874$238,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.3%7.18%
Blended rate6.15%7.42%
1st payment$1,378.65$1,615.68
2nd payment$0.00$0.00
Taxes / mo$293.92$293.92
Insurance / mo$150.00$150.00
MI / mo$175.86$47.70
HOA / mo$237.00$237.00
Total monthly$2,235.43$2,344.30
Cash to close$32,126$26,500