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$296,116$279,000
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.180%7.400%
Blended rate6.730%7.640%
1st payment$1,845.10$1,931.74
2nd payment$0.00$0.00
Taxes / mo$74.58$74.58
Insurance / mo$150.00$150.00
MI / mo$136.73$55.80
HOA / mo$175.00$175.00
Total monthly$2,381.41$2,387.12
Cash to close$13,884$31,000