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$310,173$292,410
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.400%
Blended rate5.830%7.640%
1st payment$1,783.15$2,024.59
2nd payment$0.00$0.00
Taxes / mo$206.33$206.33
Insurance / mo$150.00$150.00
MI / mo$235.82$58.48
HOA / mo$36.67$36.67
Total monthly$2,411.97$2,476.07
Cash to close$14,727$32,490