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$342,699$337,410
Remaining term (yrs)29.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.230%7.400%
Blended rate6.780%7.640%
1st payment$2,111.67$2,336.16
2nd payment$0.00$0.00
Taxes / mo$100.67$100.67
Insurance / mo$150.00$150.00
MI / mo$157.52$67.48
HOA / mo$0.00$0.00
Total monthly$2,519.85$2,654.31
Cash to close$32,201$37,490