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$342,272$315,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.000%7.400%
Blended rate5.850%7.640%
1st payment$1,974.85$2,181.00
2nd payment$0.00$0.00
Taxes / mo$157.75$157.75
Insurance / mo$150.00$150.00
MI / mo$260.58$63.00
HOA / mo$117.00$117.00
Total monthly$2,660.18$2,668.75
Cash to close$7,728$35,000