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$325,332$329,400
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.870%7.400%
Blended rate7.420%7.640%
1st payment$2,191.92$2,280.70
2nd payment$0.00$0.00
Taxes / mo$664.67$664.67
Insurance / mo$150.00$150.00
MI / mo$153.01$65.88
HOA / mo$9.00$9.00
Total monthly$3,168.59$3,170.25
Cash to close$40,668$36,600