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$183,007$162,000
Remaining term (yrs)24.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.67%7.24%
Blended rate3.52%7.48%
1st payment$852.90$1,104.03
2nd payment$0.00$0.00
Taxes / mo$119.00$119.00
Insurance / mo$150.00$150.00
MI / mo$149.53$32.40
HOA / mo$384.00$384.00
Total monthly$1,655.43$1,789.43
Cash to close$0$18,000