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$314,064$289,800
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.900%7.320%
Blended rate3.750%7.560%
1st payment$1,463.11$1,990.72
2nd payment$0.00$0.00
Taxes / mo$482.58$482.58
Insurance / mo$150.00$150.00
MI / mo$248.99$57.96
HOA / mo$43.33$43.33
Total monthly$2,388.01$2,724.60
Cash to close$7,936$32,200