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$276,771$283,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.760%7.400%
Blended rate7.310%7.640%
1st payment$1,823.12$1,962.90
2nd payment$0.00$0.00
Taxes / mo$723.08$723.08
Insurance / mo$150.00$150.00
MI / mo$128.70$56.70
HOA / mo$0.00$0.00
Total monthly$2,824.91$2,892.68
Cash to close$38,229$31,500