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$341,450$341,910
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,172.16$2,367.32
2nd payment$0.00$0.00
Taxes / mo$162.67$162.67
Insurance / mo$150.00$150.00
MI / mo$157.51$68.38
HOA / mo$84.00$84.00
Total monthly$2,726.34$2,832.36
Cash to close$38,450$37,990