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$319,301$323,999
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$2,147.49$2,243.30
2nd payment$0.00$0.00
Taxes / mo$72.00$72.00
Insurance / mo$150.00$150.00
MI / mo$150.67$64.80
HOA / mo$0.00$0.00
Total monthly$2,520.16$2,530.10
Cash to close$40,698$36,000