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$327,239$328,500
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.120%7.400%
Blended rate3.970%7.640%
1st payment$1,555.29$2,274.47
2nd payment$0.00$0.00
Taxes / mo$66.25$66.25
Insurance / mo$150.00$150.00
MI / mo$257.34$65.70
HOA / mo$0.00$0.00
Total monthly$2,028.88$2,556.42
Cash to close$37,761$36,500