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$318,826$312,300
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.110%7.400%
Blended rate5.960%7.640%
1st payment$1,857.28$2,162.30
2nd payment$0.00$0.00
Taxes / mo$205.33$205.33
Insurance / mo$150.00$150.00
MI / mo$242.03$62.46
HOA / mo$95.00$95.00
Total monthly$2,549.64$2,675.10
Cash to close$28,174$34,700