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$301,501$305,100
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.470%7.400%
Blended rate7.020%7.640%
1st payment$1,946.99$2,112.45
2nd payment$0.00$0.00
Taxes / mo$362.26$362.26
Insurance / mo$150.00$150.00
MI / mo$141.62$61.02
HOA / mo$20.83$20.83
Total monthly$2,621.71$2,706.56
Cash to close$37,499$33,900