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$333,817$328,410
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.280%7.400%
Blended rate6.830%7.640%
1st payment$2,149.36$2,273.84
2nd payment$0.00$0.00
Taxes / mo$348.17$348.17
Insurance / mo$150.00$150.00
MI / mo$159.49$65.68
HOA / mo$125.00$125.00
Total monthly$2,932.02$2,962.69
Cash to close$31,083$36,490