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$299,072$303,300
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.450%7.400%
Blended rate4.300%7.640%
1st payment$1,467.84$2,099.99
2nd payment$0.00$0.00
Taxes / mo$452.00$452.00
Insurance / mo$150.00$150.00
MI / mo$232.99$60.66
HOA / mo$92.67$92.67
Total monthly$2,395.50$2,855.32
Cash to close$37,928$33,700