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$254,021$258,300
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.130%7.400%
Blended rate6.680%7.640%
1st payment$1,617.66$1,788.42
2nd payment$0.00$0.00
Taxes / mo$175.08$175.08
Insurance / mo$150.00$150.00
MI / mo$121.96$51.66
HOA / mo$0.00$0.00
Total monthly$2,064.70$2,165.16
Cash to close$32,979$28,700