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$284,860$270,000
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$1,702.68$1,869.43
2nd payment$0.00$0.00
Taxes / mo$106.83$106.83
Insurance / mo$150.00$150.00
MI / mo$214.54$54.00
HOA / mo$0.00$0.00
Total monthly$2,174.05$2,180.26
Cash to close$15,140$30,000