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$300,616$287,550
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$1,819.40$1,990.94
2nd payment$0.00$0.00
Taxes / mo$322.42$322.42
Insurance / mo$150.00$150.00
MI / mo$226.47$57.51
HOA / mo$227.00$227.00
Total monthly$2,745.29$2,747.86
Cash to close$18,884$31,950