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$272,429$267,300
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.270%7.400%
Blended rate6.820%7.640%
1st payment$1,756.63$1,850.73
2nd payment$0.00$0.00
Taxes / mo$583.25$583.25
Insurance / mo$150.00$150.00
MI / mo$130.49$53.46
HOA / mo$0.00$0.00
Total monthly$2,620.37$2,637.44
Cash to close$24,571$29,700