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$341,988$346,500
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.540%7.400%
Blended rate6.390%7.640%
1st payment$2,076.93$2,399.10
2nd payment$0.00$0.00
Taxes / mo$266.83$266.83
Insurance / mo$150.00$150.00
MI / mo$257.96$69.30
HOA / mo$52.00$52.00
Total monthly$2,803.72$2,937.23
Cash to close$43,012$38,500