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$336,175$341,999
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.320%
Blended rate7.260%7.560%
1st payment$2,251.56$2,349.30
2nd payment$0.00$0.00
Taxes / mo$390.94$390.94
Insurance / mo$150.00$150.00
MI / mo$159.76$68.40
HOA / mo$0.00$0.00
Total monthly$2,952.26$2,958.64
Cash to close$43,824$38,000