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$317,766$319,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.120%7.400%
Blended rate5.970%7.640%
1st payment$1,855.89$2,212.15
2nd payment$0.00$0.00
Taxes / mo$356.51$356.51
Insurance / mo$150.00$150.00
MI / mo$241.57$63.90
HOA / mo$65.67$65.67
Total monthly$2,669.63$2,848.23
Cash to close$37,234$35,500