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$306,357$296,999
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.900%7.400%
Blended rate3.750%7.640%
1st payment$1,430.42$2,056.36
2nd payment$0.00$0.00
Taxes / mo$70.25$70.25
Insurance / mo$150.00$150.00
MI / mo$243.43$59.40
HOA / mo$37.00$37.00
Total monthly$1,931.09$2,373.01
Cash to close$23,642$33,000