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$286,462$288,000
Remaining term (yrs)24.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.060%7.400%
Blended rate3.910%7.640%
1st payment$1,376.60$1,994.05
2nd payment$0.00$0.00
Taxes / mo$105.42$105.42
Insurance / mo$150.00$150.00
MI / mo$229.52$57.60
HOA / mo$112.00$112.00
Total monthly$1,973.53$2,419.07
Cash to close$33,538$32,000