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$282,426$287,100
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.810%7.240%
Blended rate6.660%7.480%
1st payment$1,759.09$1,956.58
2nd payment$0.00$0.00
Taxes / mo$69.92$69.92
Insurance / mo$150.00$150.00
MI / mo$212.13$57.42
HOA / mo$91.00$91.00
Total monthly$2,282.13$2,324.92
Cash to close$36,574$31,900