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$302,273$292,500
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$1,924.54$2,025.21
2nd payment$0.00$0.00
Taxes / mo$359.67$359.67
Insurance / mo$150.00$150.00
MI / mo$141.76$58.50
HOA / mo$0.00$0.00
Total monthly$2,575.96$2,593.38
Cash to close$22,727$32,500