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$328,408$326,610
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.410%7.320%
Blended rate6.260%7.560%
1st payment$1,962.97$2,243.58
2nd payment$0.00$0.00
Taxes / mo$105.83$105.83
Insurance / mo$150.00$150.00
MI / mo$247.34$65.32
HOA / mo$112.00$112.00
Total monthly$2,578.15$2,676.74
Cash to close$34,492$36,290