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$285,165$285,300
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.300%7.400%
Blended rate6.150%7.640%
1st payment$1,690.77$1,975.36
2nd payment$0.00$0.00
Taxes / mo$260.42$260.42
Insurance / mo$150.00$150.00
MI / mo$215.67$57.06
HOA / mo$45.00$45.00
Total monthly$2,361.86$2,487.84
Cash to close$31,835$31,700