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$256,571$265,500
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.300%7.400%
Blended rate6.150%7.640%
1st payment$1,521.23$1,838.27
2nd payment$0.00$0.00
Taxes / mo$692.75$692.75
Insurance / mo$150.00$150.00
MI / mo$194.05$53.10
HOA / mo$0.00$0.00
Total monthly$2,558.03$2,734.12
Cash to close$38,429$29,500