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$338,952$337,500
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.100%7.400%
Blended rate5.950%7.640%
1st payment$1,972.53$2,336.78
2nd payment$0.00$0.00
Taxes / mo$187.08$187.08
Insurance / mo$150.00$150.00
MI / mo$257.34$67.50
HOA / mo$28.00$28.00
Total monthly$2,594.95$2,769.37
Cash to close$36,048$37,500