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$311,026$313,200
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.400%
Blended rate5.830%7.640%
1st payment$1,788.05$2,168.53
2nd payment$0.00$0.00
Taxes / mo$39.08$39.08
Insurance / mo$150.00$150.00
MI / mo$236.47$62.64
HOA / mo$265.00$265.00
Total monthly$2,478.61$2,685.26
Cash to close$36,974$34,800