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$308,320$292,500
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.140%7.400%
Blended rate3.990%7.640%
1st payment$1,474.96$2,025.21
2nd payment$0.00$0.00
Taxes / mo$830.24$830.24
Insurance / mo$150.00$150.00
MI / mo$243.43$58.50
HOA / mo$20.83$20.83
Total monthly$2,719.46$3,084.78
Cash to close$16,680$32,500