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$319,367$310,050
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.100%7.400%
Blended rate3.950%7.640%
1st payment$1,517.80$2,146.72
2nd payment$0.00$0.00
Taxes / mo$196.92$196.92
Insurance / mo$150.00$150.00
MI / mo$251.77$62.01
HOA / mo$380.00$380.00
Total monthly$2,496.49$2,935.65
Cash to close$25,133$34,450