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$303,657$297,899
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.090%7.400%
Blended rate3.940%7.640%
1st payment$1,444.68$2,062.59
2nd payment$0.00$0.00
Taxes / mo$655.58$655.58
Insurance / mo$150.00$150.00
MI / mo$239.95$59.58
HOA / mo$11.67$11.67
Total monthly$2,501.89$2,939.43
Cash to close$27,342$33,100