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$265,239$259,515
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.400%
Blended rate5.830%7.640%
1st payment$1,524.83$1,796.83
2nd payment$0.00$0.00
Taxes / mo$322.76$322.76
Insurance / mo$150.00$150.00
MI / mo$201.66$51.90
HOA / mo$15.00$15.00
Total monthly$2,214.25$2,336.49
Cash to close$23,111$28,835