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$308,362$300,510
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.120%7.400%
Blended rate6.670%7.640%
1st payment$1,961.78$2,080.67
2nd payment$0.00$0.00
Taxes / mo$76.08$76.08
Insurance / mo$150.00$150.00
MI / mo$148.06$60.10
HOA / mo$105.67$105.67
Total monthly$2,441.59$2,472.53
Cash to close$25,538$33,390