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$342,623$305,100
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.760%7.400%
Blended rate4.610%7.640%
1st payment$1,739.19$2,112.45
2nd payment$0.00$0.00
Taxes / mo$133.00$133.00
Insurance / mo$150.00$150.00
MI / mo$265.68$61.02
HOA / mo$109.00$109.00
Total monthly$2,396.87$2,565.47
Cash to close$0$33,900