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$293,846$251,910
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.890%7.320%
Blended rate4.740%7.560%
1st payment$1,512.58$1,730.45
2nd payment$0.00$0.00
Taxes / mo$348.29$348.29
Insurance / mo$150.00$150.00
MI / mo$227.43$50.38
HOA / mo$70.00$70.00
Total monthly$2,308.30$2,349.12
Cash to close$0$27,990