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$321,131$315,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.100%7.400%
Blended rate5.950%7.640%
1st payment$1,865.90$2,181.00
2nd payment$0.00$0.00
Taxes / mo$334.58$334.58
Insurance / mo$150.00$150.00
MI / mo$243.43$63.00
HOA / mo$227.00$227.00
Total monthly$2,820.91$2,955.58
Cash to close$28,869$35,000