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$314,845$314,910
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.400%
Blended rate7.200%7.640%
1st payment$2,051.24$2,180.37
2nd payment$0.00$0.00
Taxes / mo$596.75$596.75
Insurance / mo$150.00$150.00
MI / mo$146.45$62.98
HOA / mo$189.00$189.00
Total monthly$3,133.44$3,179.11
Cash to close$35,055$34,990