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$325,345$328,410
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.400%
Blended rate7.410%7.640%
1st payment$2,183.31$2,273.84
2nd payment$0.00$0.00
Taxes / mo$209.00$209.00
Insurance / mo$150.00$150.00
MI / mo$152.56$65.68
HOA / mo$0.00$0.00
Total monthly$2,694.87$2,698.53
Cash to close$39,555$36,490