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$332,486$333,000
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.890%7.400%
Blended rate4.740%7.640%
1st payment$1,711.48$2,305.62
2nd payment$0.00$0.00
Taxes / mo$102.46$102.46
Insurance / mo$150.00$150.00
MI / mo$257.34$66.60
HOA / mo$0.00$0.00
Total monthly$2,221.27$2,624.68
Cash to close$37,514$37,000