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$333,723$315,000
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$1,764.71$2,181.00
2nd payment$0.00$0.00
Taxes / mo$569.92$569.92
Insurance / mo$150.00$150.00
MI / mo$256.84$63.00
HOA / mo$77.00$77.00
Total monthly$2,818.47$3,040.91
Cash to close$16,277$35,000