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$342,422$329,400
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.180%7.400%
Blended rate6.730%7.640%
1st payment$2,107.19$2,280.70
2nd payment$0.00$0.00
Taxes / mo$241.75$241.75
Insurance / mo$150.00$150.00
MI / mo$158.02$65.88
HOA / mo$40.00$40.00
Total monthly$2,696.97$2,778.33
Cash to close$23,578$36,600