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$343,045$328,499
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.100%7.400%
Blended rate3.950%7.640%
1st payment$1,626.81$2,274.46
2nd payment$0.00$0.00
Taxes / mo$520.83$520.83
Insurance / mo$150.00$150.00
MI / mo$269.86$65.70
HOA / mo$30.83$30.83
Total monthly$2,598.33$3,041.82
Cash to close$21,954$36,500