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$292,649$257,399
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.100%7.320%
Blended rate3.950%7.560%
1st payment$1,387.82$1,768.15
2nd payment$0.00$0.00
Taxes / mo$93.42$93.42
Insurance / mo$150.00$150.00
MI / mo$230.21$51.48
HOA / mo$83.33$83.33
Total monthly$1,944.78$2,146.38
Cash to close$0$28,600