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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$297,381$296,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.2%7.18%
Blended rate6.75%7.42%
1st payment$1,864.88$2,005.88
2nd payment$0.00$0.00
Taxes / mo$140.50$140.50
Insurance / mo$150.00$150.00
MI / mo$139.56$59.22
HOA / mo$0.00$0.00
Total monthly$2,294.94$2,355.60
Cash to close$31,619$32,900