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$249,153$242,910
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.220%7.320%
Blended rate6.070%7.560%
1st payment$1,458.74$1,668.62
2nd payment$0.00$0.00
Taxes / mo$470.08$470.08
Insurance / mo$150.00$150.00
MI / mo$187.75$48.58
HOA / mo$0.00$0.00
Total monthly$2,266.57$2,337.28
Cash to close$20,747$26,990