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$336,213$328,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.490%7.400%
Blended rate7.040%7.640%
1st payment$2,175.48$2,274.47
2nd payment$0.00$0.00
Taxes / mo$440.83$440.83
Insurance / mo$150.00$150.00
MI / mo$157.92$65.70
HOA / mo$75.00$75.00
Total monthly$2,999.23$3,006.00
Cash to close$28,787$36,500