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$137,598$141,750
Remaining term (yrs)24.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.870%7.320%
Blended rate3.720%7.560%
1st payment$643.24$973.72
2nd payment$0.00$0.00
Taxes / mo$26.17$26.17
Insurance / mo$150.00$150.00
MI / mo$109.89$28.35
HOA / mo$146.00$146.00
Total monthly$1,075.30$1,324.24
Cash to close$19,902$15,750