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$245,915$256,500
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.69%7.18%
Blended rate4.54%7.42%
1st payment$1,241.32$1,737.62
2nd payment$0.00$0.00
Taxes / mo$46.58$46.58
Insurance / mo$150.00$150.00
MI / mo$191.26$51.30
HOA / mo$0.00$0.00
Total monthly$1,629.17$1,985.50
Cash to close$39,085$28,500