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$270,542$265,500
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate0.000%7.400%
Blended rate0.550%7.640%
1st payment$751.51$1,838.27
2nd payment$0.00$0.00
Taxes / mo$40.17$40.17
Insurance / mo$150.00$150.00
MI / mo$124.00$53.10
HOA / mo$239.00$239.00
Total monthly$1,304.67$2,320.54
Cash to close$24,458$29,500