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$328,946$332,100
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.050%7.400%
Blended rate3.900%7.640%
1st payment$1,558.11$2,299.39
2nd payment$0.00$0.00
Taxes / mo$292.17$292.17
Insurance / mo$150.00$150.00
MI / mo$260.11$66.42
HOA / mo$380.00$380.00
Total monthly$2,640.39$3,187.98
Cash to close$40,054$36,900