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$281,111$278,910
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.520%7.400%
Blended rate6.370%7.640%
1st payment$1,701.35$1,931.12
2nd payment$0.00$0.00
Taxes / mo$326.83$326.83
Insurance / mo$150.00$150.00
MI / mo$211.78$55.78
HOA / mo$275.00$275.00
Total monthly$2,664.97$2,738.73
Cash to close$28,789$30,990