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$252,909$261,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.990%7.400%
Blended rate5.840%7.640%
1st payment$1,448.55$1,807.11
2nd payment$0.00$0.00
Taxes / mo$104.42$104.42
Insurance / mo$150.00$150.00
MI / mo$191.35$52.20
HOA / mo$112.00$112.00
Total monthly$2,006.32$2,225.73
Cash to close$37,091$29,000