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$284,777$292,410
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.320%
Blended rate7.360%7.560%
1st payment$1,892.43$2,008.65
2nd payment$0.00$0.00
Taxes / mo$111.92$111.92
Insurance / mo$150.00$150.00
MI / mo$132.91$58.48
HOA / mo$0.00$0.00
Total monthly$2,287.26$2,329.05
Cash to close$40,123$32,490