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$308,422$310,500
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.610%7.400%
Blended rate7.160%7.640%
1st payment$2,036.83$2,149.84
2nd payment$0.00$0.00
Taxes / mo$629.04$629.04
Insurance / mo$150.00$150.00
MI / mo$146.02$62.10
HOA / mo$73.33$73.33
Total monthly$3,035.23$3,064.31
Cash to close$36,578$34,500