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$290,382$292,500
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.52%7.18%
Blended rate6.37%7.42%
1st payment$1,760.02$1,981.50
2nd payment$0.00$0.00
Taxes / mo$94.15$94.15
Insurance / mo$150.00$150.00
MI / mo$219.08$58.50
HOA / mo$0.00$0.00
Total monthly$2,223.26$2,284.15
Cash to close$34,618$32,500