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$349,304$344,691
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$2,279.56$2,386.57
2nd payment$0.00$0.00
Taxes / mo$172.83$172.83
Insurance / mo$150.00$150.00
MI / mo$166.51$68.94
HOA / mo$77.00$77.00
Total monthly$2,845.90$2,855.34
Cash to close$33,686$38,299