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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$274,298$225,000
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.86%7.18%
Blended rate3.71%7.42%
1st payment$1,280.87$1,524.23
2nd payment$0.00$0.00
Taxes / mo$152.00$152.00
Insurance / mo$150.00$150.00
MI / mo$219.10$45.00
HOA / mo$63.00$63.00
Total monthly$1,864.97$1,934.23
Cash to close$0$25,000