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$325,330$290,700
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.160%7.400%
Blended rate5.010%7.640%
1st payment$1,720.33$2,012.75
2nd payment$0.00$0.00
Taxes / mo$461.17$461.17
Insurance / mo$150.00$150.00
MI / mo$250.38$58.14
HOA / mo$0.00$0.00
Total monthly$2,581.88$2,682.05
Cash to close$0$32,300