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$337,344$337,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.400%
Blended rate6.810%7.640%
1st payment$2,173.08$2,336.78
2nd payment$0.00$0.00
Taxes / mo$108.17$108.17
Insurance / mo$150.00$150.00
MI / mo$161.59$67.50
HOA / mo$373.00$373.00
Total monthly$2,965.84$3,035.45
Cash to close$37,656$37,500