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$281,543$287,100
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.510%7.400%
Blended rate6.360%7.640%
1st payment$1,702.27$1,987.82
2nd payment$0.00$0.00
Taxes / mo$338.00$338.00
Insurance / mo$150.00$150.00
MI / mo$212.13$57.42
HOA / mo$0.00$0.00
Total monthly$2,402.39$2,533.24
Cash to close$37,457$31,900