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$290,889$295,200
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.410%7.400%
Blended rate6.260%7.640%
1st payment$1,738.71$2,043.91
2nd payment$0.00$0.00
Taxes / mo$46.25$46.25
Insurance / mo$150.00$150.00
MI / mo$219.08$59.04
HOA / mo$0.00$0.00
Total monthly$2,154.05$2,299.20
Cash to close$37,111$32,800