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$256,760$255,510
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$1,675.67$1,769.10
2nd payment$0.00$0.00
Taxes / mo$180.00$180.00
Insurance / mo$150.00$150.00
MI / mo$121.51$51.10
HOA / mo$0.00$0.00
Total monthly$2,127.18$2,150.20
Cash to close$27,140$28,390