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$256,464$256,050
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.870%7.400%
Blended rate3.720%7.640%
1st payment$1,198.91$1,772.84
2nd payment$0.00$0.00
Taxes / mo$261.17$261.17
Insurance / mo$150.00$150.00
MI / mo$204.82$51.21
HOA / mo$200.00$200.00
Total monthly$2,014.89$2,435.22
Cash to close$28,036$28,450