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$272,787$265,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.400%
Blended rate6.810%7.640%
1st payment$1,755.09$1,838.27
2nd payment$0.00$0.00
Taxes / mo$103.83$103.83
Insurance / mo$150.00$150.00
MI / mo$130.51$53.10
HOA / mo$0.00$0.00
Total monthly$2,139.43$2,145.20
Cash to close$22,213$29,500