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$250,108$233,910
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.800%7.400%
Blended rate3.650%7.640%
1st payment$1,160.19$1,619.55
2nd payment$0.00$0.00
Taxes / mo$283.67$283.67
Insurance / mo$150.00$150.00
MI / mo$200.00$46.78
HOA / mo$68.00$68.00
Total monthly$1,861.85$2,167.99
Cash to close$9,792$25,990