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$238,576$211,500
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.450%7.320%
Blended rate4.300%7.560%
1st payment$1,173.31$1,452.86
2nd payment$0.00$0.00
Taxes / mo$150.58$150.58
Insurance / mo$150.00$150.00
MI / mo$186.24$42.30
HOA / mo$123.00$123.00
Total monthly$1,783.13$1,918.74
Cash to close$0$23,500