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$258,172$259,200
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.320%7.400%
Blended rate6.870%7.640%
1st payment$1,674.87$1,794.65
2nd payment$0.00$0.00
Taxes / mo$340.67$340.67
Insurance / mo$150.00$150.00
MI / mo$123.76$51.84
HOA / mo$0.00$0.00
Total monthly$2,289.29$2,337.16
Cash to close$29,828$28,800