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$292,664$292,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$1,909.93$2,025.21
2nd payment$0.00$0.00
Taxes / mo$110.08$110.08
Insurance / mo$150.00$150.00
MI / mo$139.51$58.50
HOA / mo$0.00$0.00
Total monthly$2,309.52$2,343.79
Cash to close$32,336$32,500