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$276,896$279,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.790%7.400%
Blended rate7.340%7.640%
1st payment$1,851.15$1,931.74
2nd payment$0.00$0.00
Taxes / mo$381.31$381.31
Insurance / mo$150.00$150.00
MI / mo$130.28$55.80
HOA / mo$96.00$96.00
Total monthly$2,608.73$2,614.85
Cash to close$33,104$31,000