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$267,035$268,200
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$1,771.59$1,856.96
2nd payment$0.00$0.00
Taxes / mo$239.83$239.83
Insurance / mo$150.00$150.00
MI / mo$125.96$53.64
HOA / mo$213.00$213.00
Total monthly$2,500.39$2,513.44
Cash to close$30,965$29,800