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$351,030$351,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.660%7.400%
Blended rate7.210%7.640%
1st payment$2,322.03$2,430.25
2nd payment$0.00$0.00
Taxes / mo$136.25$136.25
Insurance / mo$150.00$150.00
MI / mo$165.61$70.20
HOA / mo$103.33$103.33
Total monthly$2,877.22$2,890.03
Cash to close$38,970$39,000