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$309,657$314,100
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.220%7.400%
Blended rate6.070%7.640%
1st payment$1,810.27$2,174.76
2nd payment$0.00$0.00
Taxes / mo$307.55$307.55
Insurance / mo$150.00$150.00
MI / mo$232.99$62.82
HOA / mo$90.00$90.00
Total monthly$2,590.82$2,785.14
Cash to close$39,343$34,900