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$255,969$252,900
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.990%7.400%
Blended rate4.540%7.640%
1st payment$1,264.10$1,751.03
2nd payment$0.00$0.00
Taxes / mo$548.08$548.08
Insurance / mo$150.00$150.00
MI / mo$121.50$50.58
HOA / mo$30.00$30.00
Total monthly$2,113.68$2,529.69
Cash to close$25,031$28,100