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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$229,325$234,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.130%7.320%
Blended rate5.980%7.560%
1st payment$1,330.39$1,607.42
2nd payment$0.00$0.00
Taxes / mo$90.08$90.08
Insurance / mo$150.00$150.00
MI / mo$172.98$46.80
HOA / mo$130.00$130.00
Total monthly$1,873.45$2,024.30
Cash to close$30,675$26,000