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$268,936$269,999
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.000%7.400%
Blended rate6.550%7.640%
1st payment$1,618.90$1,869.42
2nd payment$0.00$0.00
Taxes / mo$250.00$250.00
Insurance / mo$150.00$150.00
MI / mo$123.76$54.00
HOA / mo$0.00$0.00
Total monthly$2,142.66$2,323.42
Cash to close$31,063$30,000