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$268,181$228,150
Remaining term (yrs)24.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.000%7.400%
Blended rate3.850%7.640%
1st payment$1,283.30$1,579.66
2nd payment$0.00$0.00
Taxes / mo$245.59$245.59
Insurance / mo$150.00$150.00
MI / mo$215.61$45.63
HOA / mo$0.00$0.00
Total monthly$1,894.50$2,020.88
Cash to close$0$25,350