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$338,789$338,400
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.320%7.400%
Blended rate6.870%7.640%
1st payment$2,192.55$2,343.01
2nd payment$0.00$0.00
Taxes / mo$329.75$329.75
Insurance / mo$150.00$150.00
MI / mo$162.01$67.68
HOA / mo$0.00$0.00
Total monthly$2,834.31$2,890.44
Cash to close$37,211$37,600