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$349,920$354,599
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.220%7.400%
Blended rate4.070%7.640%
1st payment$1,681.55$2,455.17
2nd payment$0.00$0.00
Taxes / mo$328.33$328.33
Insurance / mo$150.00$150.00
MI / mo$274.72$70.92
HOA / mo$0.00$0.00
Total monthly$2,434.60$3,004.42
Cash to close$44,079$39,400