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$306,166$304,200
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.990%7.400%
Blended rate5.840%7.640%
1st payment$1,753.58$2,106.22
2nd payment$0.00$0.00
Taxes / mo$294.67$294.67
Insurance / mo$150.00$150.00
MI / mo$231.65$60.84
HOA / mo$128.00$128.00
Total monthly$2,557.89$2,739.73
Cash to close$31,834$33,800