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$312,491$292,500
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.250%7.400%
Blended rate6.100%7.640%
1st payment$1,843.48$2,025.21
2nd payment$0.00$0.00
Taxes / mo$397.34$397.34
Insurance / mo$150.00$150.00
MI / mo$236.47$58.50
HOA / mo$0.00$0.00
Total monthly$2,627.30$2,631.05
Cash to close$12,509$32,500