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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$264,481$270,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.89%7.18%
Blended rate6.74%7.42%
1st payment$1,658.03$1,829.07
2nd payment$0.00$0.00
Taxes / mo$64.50$64.50
Insurance / mo$150.00$150.00
MI / mo$198.22$54.00
HOA / mo$0.00$0.00
Total monthly$2,070.74$2,097.57
Cash to close$35,519$30,000