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$350,314$332,910
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.990%7.400%
Blended rate5.840%7.640%
1st payment$2,015.97$2,305.00
2nd payment$0.00$0.00
Taxes / mo$141.17$141.17
Insurance / mo$150.00$150.00
MI / mo$266.31$66.58
HOA / mo$50.00$50.00
Total monthly$2,623.45$2,712.75
Cash to close$19,586$36,990