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$290,724$295,200
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.220%7.400%
Blended rate6.070%7.640%
1st payment$1,702.14$2,043.91
2nd payment$0.00$0.00
Taxes / mo$314.67$314.67
Insurance / mo$150.00$150.00
MI / mo$219.08$59.04
HOA / mo$257.00$257.00
Total monthly$2,642.88$2,824.61
Cash to close$37,276$32,800