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$269,656$278,010
Remaining term (yrs)24.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.880%7.400%
Blended rate3.730%7.640%
1st payment$1,267.76$1,924.89
2nd payment$0.00$0.00
Taxes / mo$128.33$128.33
Insurance / mo$150.00$150.00
MI / mo$216.30$55.60
HOA / mo$80.00$80.00
Total monthly$1,842.40$2,338.82
Cash to close$39,244$30,890