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$276,187$274,257
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.84%7.18%
Blended rate3.69%7.42%
1st payment$1,286.84$1,857.91
2nd payment$0.00$0.00
Taxes / mo$172.08$172.08
Insurance / mo$150.00$150.00
MI / mo$220.69$54.85
HOA / mo$86.00$86.00
Total monthly$1,915.62$2,320.85
Cash to close$28,543$30,473