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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$291,545$296,100
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.64%7.18%
Blended rate7.19%7.42%
1st payment$1,926.84$2,005.88
2nd payment$0.00$0.00
Taxes / mo$43.75$43.75
Insurance / mo$150.00$150.00
MI / mo$137.71$59.22
HOA / mo$0.00$0.00
Total monthly$2,258.30$2,258.85
Cash to close$37,455$32,900