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$295,587$297,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$1,916.27$2,056.37
2nd payment$0.00$0.00
Taxes / mo$244.75$244.75
Insurance / mo$150.00$150.00
MI / mo$141.15$59.40
HOA / mo$0.00$0.00
Total monthly$2,452.18$2,510.52
Cash to close$34,413$33,000