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$329,436$328,299
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.550%7.320%
Blended rate4.400%7.560%
1st payment$1,637.90$2,255.19
2nd payment$0.00$0.00
Taxes / mo$413.00$413.00
Insurance / mo$150.00$150.00
MI / mo$256.77$65.66
HOA / mo$140.00$140.00
Total monthly$2,597.67$3,023.85
Cash to close$35,341$36,478