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$273,583$279,900
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.200%7.400%
Blended rate6.750%7.640%
1st payment$1,713.76$1,937.97
2nd payment$0.00$0.00
Taxes / mo$424.83$424.83
Insurance / mo$150.00$150.00
MI / mo$128.25$55.98
HOA / mo$288.67$288.67
Total monthly$2,705.51$2,857.45
Cash to close$37,417$31,100