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$338,164$341,910
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.150%7.320%
Blended rate6.700%7.560%
1st payment$2,157.72$2,348.68
2nd payment$0.00$0.00
Taxes / mo$123.42$123.42
Insurance / mo$150.00$150.00
MI / mo$162.33$68.38
HOA / mo$22.92$22.92
Total monthly$2,616.39$2,713.40
Cash to close$41,736$37,990