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$310,784$314,910
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.700%7.400%
Blended rate3.550%7.640%
1st payment$1,425.74$2,180.37
2nd payment$0.00$0.00
Taxes / mo$155.17$155.17
Insurance / mo$150.00$150.00
MI / mo$248.99$62.98
HOA / mo$30.33$30.33
Total monthly$2,010.22$2,578.85
Cash to close$39,116$34,990