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$338,279$332,100
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.920%7.400%
Blended rate4.770%7.640%
1st payment$1,750.22$2,299.39
2nd payment$0.00$0.00
Taxes / mo$156.17$156.17
Insurance / mo$150.00$150.00
MI / mo$262.20$66.42
HOA / mo$0.00$0.00
Total monthly$2,318.59$2,671.98
Cash to close$30,721$36,900