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$305,428$283,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.000%7.400%
Blended rate5.550%7.640%
1st payment$1,702.52$1,962.90
2nd payment$0.00$0.00
Taxes / mo$264.75$264.75
Insurance / mo$150.00$150.00
MI / mo$145.36$56.70
HOA / mo$0.00$0.00
Total monthly$2,262.63$2,434.35
Cash to close$9,572$31,500