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$297,476$292,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.270%7.400%
Blended rate6.820%7.640%
1st payment$1,920.49$2,025.21
2nd payment$0.00$0.00
Taxes / mo$445.73$445.73
Insurance / mo$150.00$150.00
MI / mo$142.66$58.50
HOA / mo$78.33$78.33
Total monthly$2,737.21$2,757.77
Cash to close$27,524$32,500