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$233,610$233,910
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.45%7.24%
Blended rate4.3%7.48%
1st payment$1,148.89$1,594.09
2nd payment$0.00$0.00
Taxes / mo$180.75$180.75
Insurance / mo$150.00$150.00
MI / mo$182.36$46.78
HOA / mo$0.00$0.00
Total monthly$1,662.00$1,971.62
Cash to close$26,290$25,990