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$287,082$288,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.740%7.400%
Blended rate7.290%7.640%
1st payment$1,911.89$1,994.05
2nd payment$0.00$0.00
Taxes / mo$362.08$362.08
Insurance / mo$150.00$150.00
MI / mo$135.24$57.60
HOA / mo$52.33$52.33
Total monthly$2,611.55$2,616.07
Cash to close$32,918$32,000