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$294,017$279,000
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.360%7.400%
Blended rate6.910%7.640%
1st payment$1,834.82$1,931.74
2nd payment$0.00$0.00
Taxes / mo$195.00$195.00
Insurance / mo$150.00$150.00
MI / mo$135.01$55.80
HOA / mo$2.25$2.25
Total monthly$2,317.08$2,334.79
Cash to close$15,983$31,000