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$336,422$328,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,172.16$2,274.47
2nd payment$0.00$0.00
Taxes / mo$140.83$140.83
Insurance / mo$150.00$150.00
MI / mo$157.51$65.70
HOA / mo$264.00$264.00
Total monthly$2,884.51$2,895.00
Cash to close$28,578$36,500