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$316,750$251,910
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.070%7.400%
Blended rate3.920%7.640%
1st payment$1,503.66$1,744.17
2nd payment$0.00$0.00
Taxes / mo$132.17$132.17
Insurance / mo$150.00$150.00
MI / mo$250.38$50.38
HOA / mo$92.00$92.00
Total monthly$2,128.21$2,168.72
Cash to close$0$27,990