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$257,587$260,910
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.170%7.400%
Blended rate5.020%7.640%
1st payment$1,363.56$1,806.49
2nd payment$0.00$0.00
Taxes / mo$241.58$241.58
Insurance / mo$150.00$150.00
MI / mo$198.22$52.18
HOA / mo$280.00$280.00
Total monthly$2,233.36$2,530.25
Cash to close$32,313$28,990