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$279,281$274,499
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.220%7.400%
Blended rate6.070%7.640%
1st payment$1,635.14$1,900.58
2nd payment$0.00$0.00
Taxes / mo$133.17$133.17
Insurance / mo$150.00$150.00
MI / mo$210.45$54.90
HOA / mo$67.00$67.00
Total monthly$2,195.76$2,305.64
Cash to close$25,718$30,500