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$349,622$328,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.220%7.400%
Blended rate6.770%7.640%
1st payment$2,167.03$2,274.47
2nd payment$0.00$0.00
Taxes / mo$304.17$304.17
Insurance / mo$150.00$150.00
MI / mo$161.82$65.70
HOA / mo$0.00$0.00
Total monthly$2,783.03$2,794.33
Cash to close$15,378$36,500