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$341,844$324,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.230%7.400%
Blended rate6.080%7.640%
1st payment$2,012.58$2,243.31
2nd payment$0.00$0.00
Taxes / mo$317.35$317.35
Insurance / mo$150.00$150.00
MI / mo$258.74$64.80
HOA / mo$12.00$12.00
Total monthly$2,750.67$2,787.46
Cash to close$18,156$36,000