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$262,060$260,100
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.320%
Blended rate6.900%7.560%
1st payment$1,649.60$1,786.71
2nd payment$0.00$0.00
Taxes / mo$112.33$112.33
Insurance / mo$150.00$150.00
MI / mo$121.51$52.02
HOA / mo$0.00$0.00
Total monthly$2,033.44$2,101.06
Cash to close$26,940$28,900