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$71,766$71,460
Remaining term (yrs)22.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.8%7.24%
Blended rate5.65%7.48%
1st payment$437.89$487.00
2nd payment$0.00$0.00
Taxes / mo$82.25$82.25
Insurance / mo$150.00$150.00
MI / mo$59.12$14.29
HOA / mo$0.00$0.00
Total monthly$729.25$733.54
Cash to close$7,634$7,940