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$375,571$306,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate0.000%7.400%
Blended rate0.550%7.640%
1st payment$1,043.25$2,118.68
2nd payment$0.00$0.00
Taxes / mo$102.92$102.92
Insurance / mo$150.00$150.00
MI / mo$172.14$61.20
HOA / mo$149.00$149.00
Total monthly$1,617.31$2,581.80
Cash to close$0$34,000