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$333,050$319,500
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.000%7.400%
Blended rate5.850%7.640%
1st payment$1,918.58$2,212.15
2nd payment$0.00$0.00
Taxes / mo$133.33$133.33
Insurance / mo$150.00$150.00
MI / mo$253.16$63.90
HOA / mo$167.00$167.00
Total monthly$2,622.07$2,726.39
Cash to close$21,950$35,500