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$338,865$342,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.720%7.400%
Blended rate5.570%7.640%
1st payment$1,896.78$2,367.94
2nd payment$0.00$0.00
Taxes / mo$546.92$546.92
Insurance / mo$150.00$150.00
MI / mo$258.45$68.40
HOA / mo$71.00$71.00
Total monthly$2,923.15$3,204.26
Cash to close$41,135$38,000