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$307,468$301,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.540%7.400%
Blended rate6.390%7.640%
1st payment$1,861.90$2,087.53
2nd payment$0.00$0.00
Taxes / mo$510.25$510.25
Insurance / mo$150.00$150.00
MI / mo$231.25$60.30
HOA / mo$0.00$0.00
Total monthly$2,753.41$2,808.08
Cash to close$27,532$33,500