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$325,856$315,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.270%7.400%
Blended rate6.120%7.640%
1st payment$1,929.14$2,181.00
2nd payment$0.00$0.00
Taxes / mo$87.08$87.08
Insurance / mo$150.00$150.00
MI / mo$246.90$63.00
HOA / mo$349.00$349.00
Total monthly$2,762.12$2,830.08
Cash to close$24,144$35,000