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$295,319$297,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.270%7.400%
Blended rate6.120%7.640%
1st payment$1,745.70$2,056.37
2nd payment$0.00$0.00
Taxes / mo$70.75$70.75
Insurance / mo$150.00$150.00
MI / mo$223.43$59.40
HOA / mo$70.00$70.00
Total monthly$2,259.87$2,406.52
Cash to close$34,681$33,000