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$286,359$283,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.330%7.400%
Blended rate6.880%7.640%
1st payment$1,859.53$1,962.90
2nd payment$0.00$0.00
Taxes / mo$434.00$434.00
Insurance / mo$150.00$150.00
MI / mo$137.26$56.70
HOA / mo$199.00$199.00
Total monthly$2,779.79$2,802.60
Cash to close$28,641$31,500