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$346,302$346,410
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.670%7.400%
Blended rate5.520%7.640%
1st payment$1,928.40$2,398.47
2nd payment$0.00$0.00
Taxes / mo$171.08$171.08
Insurance / mo$150.00$150.00
MI / mo$264.29$69.28
HOA / mo$70.00$70.00
Total monthly$2,583.78$2,858.84
Cash to close$38,598$38,490