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$340,648$341,100
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.520%7.320%
Blended rate6.370%7.560%
1st payment$2,061.68$2,343.12
2nd payment$0.00$0.00
Taxes / mo$536.33$536.33
Insurance / mo$150.00$150.00
MI / mo$256.63$68.22
HOA / mo$10.75$10.75
Total monthly$3,015.40$3,108.42
Cash to close$38,352$37,900