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$315,320$307,800
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.180%7.400%
Blended rate6.730%7.640%
1st payment$1,944.33$2,131.15
2nd payment$0.00$0.00
Taxes / mo$88.08$88.08
Insurance / mo$150.00$150.00
MI / mo$145.81$61.56
HOA / mo$103.00$103.00
Total monthly$2,431.22$2,533.79
Cash to close$26,680$34,200