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$341,425$346,500
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$2,211.28$2,399.10
2nd payment$0.00$0.00
Taxes / mo$327.83$327.83
Insurance / mo$150.00$150.00
MI / mo$163.05$69.30
HOA / mo$75.00$75.00
Total monthly$2,927.17$3,021.23
Cash to close$43,575$38,500