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$177,713$188,910
Remaining term (yrs)24.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.87%7.24%
Blended rate3.72%7.48%
1st payment$834.58$1,287.42
2nd payment$0.00$0.00
Taxes / mo$110.58$110.58
Insurance / mo$150.00$150.00
MI / mo$142.58$37.78
HOA / mo$0.00$0.00
Total monthly$1,237.74$1,585.78
Cash to close$32,187$20,990