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$338,992$328,050
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.110%7.400%
Blended rate5.960%7.640%
1st payment$1,974.76$2,271.35
2nd payment$0.00$0.00
Taxes / mo$441.92$441.92
Insurance / mo$150.00$150.00
MI / mo$257.34$65.61
HOA / mo$86.00$86.00
Total monthly$2,910.01$3,014.88
Cash to close$25,508$36,450