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$337,655$341,010
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$2,171.94$2,361.08
2nd payment$0.00$0.00
Taxes / mo$138.17$138.17
Insurance / mo$150.00$150.00
MI / mo$161.34$68.20
HOA / mo$0.00$0.00
Total monthly$2,621.45$2,717.45
Cash to close$41,245$37,890