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$273,162$270,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.510%7.400%
Blended rate6.360%7.640%
1st payment$1,649.20$1,869.43
2nd payment$0.00$0.00
Taxes / mo$472.33$472.33
Insurance / mo$150.00$150.00
MI / mo$205.52$54.00
HOA / mo$114.00$114.00
Total monthly$2,591.05$2,659.76
Cash to close$26,838$30,000