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$357,314$304,470
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.990%7.400%
Blended rate3.840%7.640%
1st payment$1,685.03$2,108.09
2nd payment$0.00$0.00
Taxes / mo$374.92$374.92
Insurance / mo$150.00$150.00
MI / mo$283.46$60.89
HOA / mo$0.00$0.00
Total monthly$2,493.40$2,693.90
Cash to close$0$33,830