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$330,318$324,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.810%7.400%
Blended rate6.660%7.640%
1st payment$2,054.54$2,243.31
2nd payment$0.00$0.00
Taxes / mo$590.08$590.08
Insurance / mo$150.00$150.00
MI / mo$247.76$64.80
HOA / mo$7.50$7.50
Total monthly$3,049.88$3,055.69
Cash to close$29,682$36,000