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$326,985$328,500
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.220%7.400%
Blended rate6.770%7.640%
1st payment$2,024.68$2,274.47
2nd payment$0.00$0.00
Taxes / mo$102.67$102.67
Insurance / mo$150.00$150.00
MI / mo$151.19$65.70
HOA / mo$62.00$62.00
Total monthly$2,490.54$2,654.83
Cash to close$38,015$36,500