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$264,814$270,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.850%7.400%
Blended rate4.700%7.640%
1st payment$1,354.72$1,869.43
2nd payment$0.00$0.00
Taxes / mo$254.76$254.76
Insurance / mo$150.00$150.00
MI / mo$204.69$54.00
HOA / mo$0.00$0.00
Total monthly$1,964.16$2,328.19
Cash to close$35,186$30,000