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$274,240$269,820
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.090%7.400%
Blended rate5.940%7.640%
1st payment$1,591.83$1,868.18
2nd payment$0.00$0.00
Taxes / mo$304.75$304.75
Insurance / mo$150.00$150.00
MI / mo$207.91$53.96
HOA / mo$433.00$433.00
Total monthly$2,687.48$2,809.89
Cash to close$25,560$29,980