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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$247,375$227,700
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.320%
Blended rate5.830%7.560%
1st payment$1,419.87$1,564.14
2nd payment$0.00$0.00
Taxes / mo$123.33$123.33
Insurance / mo$150.00$150.00
MI / mo$187.78$45.54
HOA / mo$0.00$0.00
Total monthly$1,880.98$1,883.01
Cash to close$5,625$25,300