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$325,879$305,100
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.170%7.400%
Blended rate6.720%7.640%
1st payment$2,007.34$2,112.45
2nd payment$0.00$0.00
Taxes / mo$289.67$289.67
Insurance / mo$150.00$150.00
MI / mo$150.70$61.02
HOA / mo$8.33$8.33
Total monthly$2,606.03$2,621.47
Cash to close$13,121$33,900