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$328,782$289,800
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate0.000%7.320%
Blended rate0.550%7.560%
1st payment$913.28$1,990.72
2nd payment$0.00$0.00
Taxes / mo$105.83$105.83
Insurance / mo$150.00$150.00
MI / mo$150.69$57.96
HOA / mo$115.00$115.00
Total monthly$1,434.81$2,419.52
Cash to close$0$32,200