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$326,871$318,600
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$2,083.39$2,205.92
2nd payment$0.00$0.00
Taxes / mo$224.93$224.93
Insurance / mo$150.00$150.00
MI / mo$153.46$63.72
HOA / mo$0.00$0.00
Total monthly$2,611.78$2,644.57
Cash to close$27,129$35,400