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$315,165$310,050
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.280%7.400%
Blended rate6.830%7.640%
1st payment$2,031.71$2,146.72
2nd payment$0.00$0.00
Taxes / mo$395.42$395.42
Insurance / mo$150.00$150.00
MI / mo$150.76$62.01
HOA / mo$0.00$0.00
Total monthly$2,727.89$2,754.15
Cash to close$29,335$34,450