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$283,374$274,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$1,802.28$1,900.58
2nd payment$0.00$0.00
Taxes / mo$229.33$229.33
Insurance / mo$150.00$150.00
MI / mo$132.75$54.90
HOA / mo$100.00$100.00
Total monthly$2,414.37$2,434.82
Cash to close$21,626$30,500