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$327,733$319,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.520%7.400%
Blended rate6.370%7.640%
1st payment$1,983.52$2,212.15
2nd payment$0.00$0.00
Taxes / mo$295.83$295.83
Insurance / mo$150.00$150.00
MI / mo$246.90$63.90
HOA / mo$342.00$342.00
Total monthly$3,018.26$3,063.89
Cash to close$27,267$35,500