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$291,780$296,100
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$1,956.34$2,050.14
2nd payment$0.00$0.00
Taxes / mo$357.00$357.00
Insurance / mo$150.00$150.00
MI / mo$137.26$59.22
HOA / mo$0.00$0.00
Total monthly$2,600.60$2,616.36
Cash to close$37,220$32,900