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$345,381$324,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.990%7.400%
Blended rate5.540%7.640%
1st payment$1,925.88$2,243.31
2nd payment$0.00$0.00
Taxes / mo$190.67$190.67
Insurance / mo$150.00$150.00
MI / mo$164.62$64.80
HOA / mo$111.00$111.00
Total monthly$2,542.16$2,759.78
Cash to close$14,619$36,000