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$313,486$319,500
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.910%7.400%
Blended rate7.460%7.640%
1st payment$2,103.81$2,212.15
2nd payment$0.00$0.00
Taxes / mo$416.42$416.42
Insurance / mo$150.00$150.00
MI / mo$146.26$63.90
HOA / mo$135.00$135.00
Total monthly$2,951.49$2,977.47
Cash to close$41,514$35,500