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$312,011$260,640
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.750%7.400%
Blended rate5.300%7.640%
1st payment$1,697.90$1,804.62
2nd payment$0.00$0.00
Taxes / mo$630.25$630.25
Insurance / mo$150.00$150.00
MI / mo$149.18$52.13
HOA / mo$12.08$12.08
Total monthly$2,639.42$2,649.08
Cash to close$0$28,960