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$329,554$324,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.270%7.400%
Blended rate6.820%7.640%
1st payment$2,119.84$2,243.31
2nd payment$0.00$0.00
Taxes / mo$354.58$354.58
Insurance / mo$150.00$150.00
MI / mo$157.47$64.80
HOA / mo$0.00$0.00
Total monthly$2,781.88$2,812.69
Cash to close$30,446$36,000