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$259,087$252,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.090%7.400%
Blended rate6.640%7.640%
1st payment$1,604.83$1,744.80
2nd payment$0.00$0.00
Taxes / mo$199.33$199.33
Insurance / mo$150.00$150.00
MI / mo$121.51$50.40
HOA / mo$0.00$0.00
Total monthly$2,075.68$2,144.53
Cash to close$20,913$28,000