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$324,366$310,500
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.230%7.400%
Blended rate6.080%7.640%
1st payment$1,909.68$2,149.84
2nd payment$0.00$0.00
Taxes / mo$138.67$138.67
Insurance / mo$150.00$150.00
MI / mo$245.51$62.10
HOA / mo$0.00$0.00
Total monthly$2,443.86$2,500.61
Cash to close$20,634$34,500