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$287,103$279,000
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.220%7.400%
Blended rate6.770%7.640%
1st payment$1,777.73$1,931.74
2nd payment$0.00$0.00
Taxes / mo$157.83$157.83
Insurance / mo$150.00$150.00
MI / mo$132.75$55.80
HOA / mo$0.00$0.00
Total monthly$2,218.32$2,295.37
Cash to close$22,897$31,000