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$272,857$279,000
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.700%7.400%
Blended rate6.550%7.640%
1st payment$1,681.16$1,931.74
2nd payment$0.00$0.00
Taxes / mo$352.92$352.92
Insurance / mo$150.00$150.00
MI / mo$205.17$55.80
HOA / mo$3.92$3.92
Total monthly$2,393.17$2,494.38
Cash to close$37,143$31,000