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$332,017$337,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$2,242.70$2,336.78
2nd payment$0.00$0.00
Taxes / mo$370.00$370.00
Insurance / mo$150.00$150.00
MI / mo$157.51$67.50
HOA / mo$380.00$380.00
Total monthly$3,300.21$3,304.28
Cash to close$42,983$37,500