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$249,466$238,050
Remaining term (yrs)24.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.130%7.400%
Blended rate3.980%7.640%
1st payment$1,207.93$1,648.21
2nd payment$0.00$0.00
Taxes / mo$63.17$63.17
Insurance / mo$150.00$150.00
MI / mo$199.61$47.61
HOA / mo$86.33$86.33
Total monthly$1,707.04$1,995.32
Cash to close$15,034$26,450