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$257,679$247,496
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.200%7.320%
Blended rate6.750%7.560%
1st payment$1,617.70$1,700.12
2nd payment$0.00$0.00
Taxes / mo$307.42$307.42
Insurance / mo$150.00$150.00
MI / mo$121.06$49.50
HOA / mo$483.00$483.00
Total monthly$2,679.17$2,690.04
Cash to close$17,316$27,500